Argonaut Gold Stock Rating Reaffirmed by Scotiabank (AR)
Argonaut Gold (TSE:AR)‘s stock had its “outperform” rating reaffirmed by Scotiabank in a research note issued on Monday. They currently have a C$6.25 price target on the stock. Scotiabank’s price objective points to a potential upside of 61.08% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Argonaut Gold from C$8.25 to C$6.50 in a research note on Thursday, April 17th. They now have a “buy” rating on the stock. Separately, analysts at Desjardins cut their price target on shares of Argonaut Gold from C$7.00 to C$6.50 in a research note on Wednesday, April 16th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Argonaut Gold from C$7.00 to C$8.00 in a research note on Wednesday, April 16th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Argonaut Gold currently has a consensus rating of “Buy” and an average target price of C$6.83.
Shares of Argonaut Gold (TSE:AR) remained flat at $3.88 during during mid-day trading trading on Monday. The stock had a trading volume of 132,004 shares. Argonaut Gold has a one year low of $3.60 and a one year high of $8.50. The stock has a 50-day moving average of $4.11 and a 200-day moving average of $5.1. The company has a market cap of $599.1 million and a price-to-earnings ratio of 388.00.
Argonaut Gold (TSE:AR) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 by $0.01. On average, analysts predict that Argonaut Gold will post $0.16 earnings per share for the current fiscal year.
Argonaut Gold Inc (TSE:AR) is engaged in gold mining, mine development and mineral exploration activities at gold-bearing mineral properties in the Americas.
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