Argonaut Gold Stock Rating Lowered by Stonecap Securities (AR)
Argonaut Gold (TSE:AR) was downgraded by research analysts at Stonecap Securities from an “outperform” rating to a “sector perform” rating in a report released on Wednesday, American Banking News reports. They currently have a C$6.25 price target on the stock, down from their previous price target of C$7.00. Stonecap Securities’ price objective would indicate a potential upside of 17.70% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Desjardins cut their price target on shares of Argonaut Gold from C$6.75 to C$6.50 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Scotiabank cut their price target on shares of Argonaut Gold from C$8.25 to C$8.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity upgraded shares of Argonaut Gold from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a C$8.00 price target on the stock, up previously from C$6.75. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of C$7.71.
Argonaut Gold (TSE:AR) traded down 3.58% on Wednesday, hitting $5.12. 835,440 shares of the company’s stock traded hands. Argonaut Gold has a 52 week low of $5.02 and a 52 week high of $9.86. The stock’s 50-day moving average is $5.40 and its 200-day moving average is $6.13. The company has a market cap of $789.1 million and a P/E ratio of 14.55.
Argonaut Gold (TSE:AR) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.05 by $0.01. During the same quarter last year, the company posted $0.29 earnings per share. On average, analysts predict that Argonaut Gold will post $0.21 earnings per share for the current fiscal year.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.