Argonaut Gold Receives Average Rating of “Buy” from Brokerages (TSE:AR)
Shares of Argonaut Gold (TSE:AR) have earned an average recommendation of “Buy” from the eight ratings firms that are presently covering the stock, American Banking & Market News reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$6.46.
AR has been the subject of a number of recent research reports. Analysts at Scotiabank reiterated an “outperform” rating on shares of Argonaut Gold in a research note on Monday. They now have a C$6.00 price target on the stock. Separately, 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. Finally, 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.
Argonaut Gold (TSE:AR) traded up 0.24% on Friday, hitting $4.16. The stock had a trading volume of 11,402 shares. Argonaut Gold has a one year low of $3.425 and a one year high of $7.50. The stock’s 50-day moving average is $4.09 and its 200-day moving average is $4.49. The company’s market cap is $642.4 million.
Argonaut Gold (TSE:AR) last issued its quarterly earnings data on Friday, August 15th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.01. Analysts expect that Argonaut Gold will post $0.12 EPS 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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