Argonaut Gold Inc (AR) Rating Reiterated by Scotiabank
Argonaut Gold Inc (TSE:AR)‘s stock had its “outperform” rating reaffirmed by analysts at Scotiabank in a report released on Tuesday. They presently have a C$5.00 target price on the mining company’s stock. Scotiabank’s target price suggests a potential upside of 79.86% from the stock’s current price.
AR has been the topic of a number of other research reports. BMO Capital Markets downgraded Argonaut Gold from an “outperform” rating to a “market perform” rating in a research report on Friday, July 15th. Canaccord Genuity boosted their price objective on Argonaut Gold from C$3.00 to C$4.25 in a report on Tuesday, July 12th. Desjardins upgraded Argonaut Gold from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$4.00 to C$4.70 in a report on Tuesday, August 16th. Finally, CIBC reduced their price objective on Argonaut Gold from C$3.75 to C$3.25 in a report on Tuesday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Argonaut Gold presently has a consensus rating of “Hold” and an average price target of C$4.28.
Argonaut Gold (TSE:AR) traded up 5.76% during midday trading on Tuesday, reaching $2.94. The company had a trading volume of 658,423 shares. The stock’s market cap is $465.90 million. Argonaut Gold has a 12 month low of $0.78 and a 12 month high of $4.45. The firm has a 50-day moving average of $3.39 and a 200-day moving average of $3.23.
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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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