Argonaut Gold (AR) Releases Quarterly Earnings, Misses Expectations By $0.01 EPS
Argonaut Gold (TSE:AR) issued its quarterly earnings data on Friday. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.01, AmericanBankingNews.com reports.
Shares of Argonaut Gold (TSE:AR) opened at 3.96 on Friday. Argonaut Gold has a 52 week low of $3.425 and a 52 week high of $8.50. The stock’s 50-day moving average is $4.20 and its 200-day moving average is $4.57. The company has a market cap of $611.4 million and a price-to-earnings ratio of 405.00.
A number of research firms have recently commented on AR. 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. On a related note, 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. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Argonaut Gold presently has a consensus rating of “Buy” and an average target price of C$6.50.
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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