Argonaut Gold Given Consensus Rating of “Buy” by Brokerages (TSE:AR)
Argonaut Gold (TSE:AR) has earned an average rating of “Buy” from the eight brokerages that are currently covering the stock, Analyst Ratings Network reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$6.50.
Argonaut Gold (TSE:AR) opened at 4.21 on Monday. Argonaut Gold has a 1-year low of $3.425 and a 1-year high of $8.50. The stock has a 50-day moving average of $4.16 and a 200-day moving average of $4.75. The company has a market cap of $650.0 million and a price-to-earnings ratio of 419.00.
Argonaut Gold (TSE:AR) last released its earnings data on Wednesday, May 7th. The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.01. On average, analysts predict that Argonaut Gold will post $0.15 earnings per share for the current fiscal year.
AR has been the subject of a number of recent research reports. Analysts at Desjardins reiterated a “buy” rating on shares of Argonaut Gold in a research note on Wednesday, July 16th. They now have a C$5.00 price target on the stock, down previously from C$5.50. Separately, analysts at Canaccord Genuity cut their price target on shares of Argonaut Gold from C$6.50 to C$6.00 in a research note on Thursday, July 10th. They now have a “buy” rating on the stock. Finally, analysts at Scotiabank reiterated an “outperform” rating on shares of Argonaut Gold in a research note on Monday, May 26th. They now have a C$6.25 price target on the stock.
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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