Argonaut Gold Inc (AR) Given a C$2.50 Price Target by Laurentian Analysts
Argonaut Gold Inc (TSE:AR) has been assigned a C$2.50 target price by analysts at Laurentian in a research report issued to clients and investors on Thursday. The brokerage presently has a “hold” rating on the mining company’s stock. Laurentian’s price target suggests a potential downside of 4.21% from the company’s current price.
A number of other analysts have also issued reports on AR. Laurentian Bank of Canada restated a “hold” rating and issued a C$2.50 price target on shares of Argonaut Gold in a research note on Thursday. Scotiabank assumed coverage on shares of Argonaut Gold in a research note on Friday, June 2nd. They issued an “outperform” rating and a C$3.50 price target for the company. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$3.29.
Argonaut Gold (AR) traded up 0.77% on Thursday, reaching $2.63. 256,414 shares of the company were exchanged. Argonaut Gold has a 52 week low of $1.48 and a 52 week high of $4.00. The stock has a market capitalization of $465.30 million and a price-to-earnings ratio of 22.67. The stock has a 50-day moving average price of $2.53 and a 200 day moving average price of $2.28.
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