Argonaut Gold Inc (TSE:AR) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Argonaut Gold Inc (TSE:AR) have been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the firm. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$4.20.
A number of equities analysts have recently commented on AR shares. Desjardins reissued a “hold” rating and issued a C$3.50 price target on shares of Argonaut Gold in a research report on Tuesday, June 14th. Canaccord Genuity lifted their price target on shares of Argonaut Gold from C$3.00 to C$4.25 in a research report on Tuesday, July 12th. BMO Capital Markets lowered shares of Argonaut Gold from an “outperform” rating to a “market perform” rating in a research report on Friday, July 15th. Finally, Scotiabank reissued an “outperform” rating and issued a C$5.00 price target on shares of Argonaut Gold in a research report on Friday, July 15th.
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Argonaut Gold (TSE:AR) traded down 0.55% on Tuesday, reaching $3.61. 470,021 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $3.62 and its 200 day moving average price is $3.04. Argonaut Gold has a 1-year low of $0.78 and a 1-year high of $4.45. The firm’s market capitalization is $572.07 million.
About Argonaut Gold
Argonaut Gold Inc is engaged in gold mining, mine development and mineral exploration activities at gold-bearing mineral properties in North America. The Company’s segments are El Castillo, La Colorada, San Antonio, Magino, and Corporate and other. It owns the producing El Castillo mine in the State of Durango, Mexico; the producing La Colorada mine in the State of Sonora, Mexico; the advanced exploration-stage San Antonio property in the State of Baja California Sur, Mexico; the advanced exploration-stage Magino property in the Province of Ontario, Canada; the advanced exploration-stage San Agustin property located approximately 10 kilometers from the El Castillo mine in the State of Durango, Mexico, and various other exploration stage projects, all of which are located in North America.
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