Argonaut Gold Inc (AR) Receives Average Recommendation of “Buy” from Analysts
Argonaut Gold Inc (TSE:AR) has received a consensus rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$3.61.
Several equities analysts have commented on the stock. Scotiabank began coverage on shares of Argonaut Gold in a research note on Friday, June 2nd. They set an “outperform” rating and a C$3.50 target price on the stock. CIBC upgraded shares of Argonaut Gold from an “underperform” rating to a “neutral” rating in a research report on Thursday, May 11th.
In related news, Director Audra Beth Walsh purchased 27,027 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was acquired at an average cost of C$1.85 per share, for a total transaction of C$49,999.95.
Argonaut Gold (TSE:AR) traded up 0.84% on Friday, reaching $2.40. 260,149 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $2.10 and its 200 day moving average price is $2.29. Argonaut Gold has a 1-year low of $1.48 and a 1-year high of $4.45. The firm has a market capitalization of $424.65 million and a price-to-earnings ratio of 33.80.
About Argonaut Gold
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