Argonaut Gold Inc (TSE:AR) Given Average Recommendation of “Buy” by Analysts
Shares of Argonaut Gold Inc (TSE:AR) have earned an average rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$3.61.
Several equities research analysts recently commented on the company. CIBC upgraded Argonaut Gold from an “underperform” rating to a “neutral” rating in a report on Thursday, May 11th. Scotiabank assumed coverage on Argonaut Gold in a report on Friday, June 2nd. They issued an “outperform” rating and a C$3.50 price objective for the company.
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Argonaut Gold (TSE:AR) remained flat at $2.19 during midday trading on Tuesday. The company had a trading volume of 260,561 shares. The company’s 50 day moving average price is $2.23 and its 200 day moving average price is $2.32. The firm has a market capitalization of $387.50 million and a P/E ratio of 30.85. Argonaut Gold has a one year low of $1.48 and a one year high of $4.00.
In other news, Director Audra Beth Walsh purchased 27,027 shares of the business’s stock in a transaction 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.
About Argonaut Gold
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