Argonaut Gold’s Outperform Rating Reaffirmed at Scotiabank (AR)
Argonaut Gold (TSE:AR)‘s stock had its “outperform” rating restated by equities research analysts at Scotiabank in a research note issued to investors on Monday. They currently have a C$6.00 price target on the stock. Scotiabank’s price target would indicate a potential upside of 48.88% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$6.46.
Shares of Argonaut Gold (TSE:AR) traded down 0.25% during mid-day trading on Monday, hitting $4.02. The stock had a trading volume of 191,506 shares. Argonaut Gold has a 52-week low of $3.425 and a 52-week high of $8.25. The stock’s 50-day moving average is $4.13 and its 200-day moving average is $4.52. The company has a market cap of $620.8 million and a price-to-earnings ratio of 403.00.
Argonaut Gold (TSE:AR) last released its earnings data on Friday, August 15th. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.01. On average, analysts predict that Argonaut Gold will post $0.12 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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