Scotiabank Reiterates “Outperform” Rating for Argonaut Gold Inc (AR)
Argonaut Gold Inc (TSE:AR)‘s stock had its “outperform” rating reaffirmed by equities researchers at Scotiabank in a report released on Tuesday. They currently have a C$5.00 target price on the mining company’s stock. Scotiabank’s price objective indicates a potential upside of 81.16% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. Desjardins upgraded shares of Argonaut Gold from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$4.00 to C$4.70 in a report on Tuesday, August 16th. BMO Capital Markets downgraded shares of Argonaut Gold from an “outperform” rating to a “market perform” rating in a report on Friday, July 15th. Finally, Canaccord Genuity raised their target price on shares of Argonaut Gold from C$3.00 to C$4.25 in a research report on Tuesday, July 12th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Argonaut Gold has a consensus rating of “Hold” and an average target price of C$3.92.
Shares of Argonaut Gold (TSE:AR) opened at 2.76 on Tuesday. The stock’s market capitalization is $437.37 million. The firm has a 50 day moving average of $3.49 and a 200-day moving average of $3.18. Argonaut Gold has a 12 month low of $0.78 and a 12 month high of $4.45.
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Argonaut Gold Company Profile
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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