Argonaut Gold Inc (AR) Price Target Cut to C$3.50
Argonaut Gold Inc (TSE:AR) had its price objective lowered by analysts at BMO Capital Markets from C$4.50 to C$3.50 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “market perform” rating on the mining company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 25.90% from the stock’s current price.
AR has been the subject of several other research reports. Scotiabank reiterated an “outperform” rating and issued a C$5.00 target price on shares of Argonaut Gold in a report on Thursday, August 18th. Desjardins upgraded shares of Argonaut Gold from a “hold” rating to a “buy” rating and lifted their target price for the company from C$4.00 to C$4.70 in a report on Tuesday, August 16th. Finally, Canaccord Genuity lifted their target price on shares of Argonaut Gold from C$3.00 to C$4.25 in a report on Tuesday, July 12th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of C$4.28.
Shares of Argonaut Gold (TSE:AR) traded up 5.04% during mid-day trading on Tuesday, hitting $2.92. The stock had a trading volume of 558,105 shares. The firm’s market cap is $462.73 million. The stock’s 50-day moving average is $3.39 and its 200 day moving average is $3.23. 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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