Argonaut Gold’s (AR) “Outperform” Rating Reaffirmed at Scotiabank
Argonaut Gold Inc (TSE:AR)‘s stock had its “outperform” rating restated by Scotiabank in a research note issued on Tuesday. They currently have a C$5.00 target price on the mining company’s stock. Scotiabank’s price objective would suggest a potential upside of 79.86% from the company’s previous close.
AR has been the subject of several other research reports. Canaccord Genuity boosted their price target on Argonaut Gold from C$3.00 to C$4.25 in a research note on Tuesday, July 12th. BMO Capital Markets cut Argonaut Gold from an “outperform” rating to a “market perform” rating in a research note on Friday, July 15th. Desjardins upgraded Argonaut Gold from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$4.00 to C$4.70 in a research note on Tuesday, August 16th. Finally, CIBC decreased their price target on Argonaut Gold from C$3.75 to C$3.25 in a research note on Tuesday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$4.28.
Shares of Argonaut Gold (TSE:AR) traded up 6.12% on Tuesday, reaching $2.95. The company’s stock had a trading volume of 913,908 shares. The company’s market capitalization is $467.48 million. The company’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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