Argonaut Gold Inc (AR) Receives Consensus Rating of “Hold” from Brokerages
Shares of Argonaut Gold Inc (TSE:AR) have been assigned an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$3.29.
A number of research analysts recently issued reports on AR shares. Scotiabank started coverage on Argonaut Gold in a report on Friday, June 2nd. They issued an “outperform” rating and a C$3.50 price target for the company. Laurentian set a C$2.50 price target on Argonaut Gold and gave the company a “hold” rating in a report on Thursday. Finally, Laurentian Bank of Canada reaffirmed a “hold” rating and issued a C$2.50 price target on shares of Argonaut Gold in a report on Thursday.
Argonaut Gold (TSE AR) traded up 0.575% during trading on Thursday, hitting $2.625. 257,141 shares of the stock traded hands. Argonaut Gold has a 52 week low of $1.48 and a 52 week high of $4.00. The firm’s 50-day moving average is $2.53 and its 200 day moving average is $2.29. The stock has a market cap of $464.42 million and a P/E ratio of 22.629.
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About Argonaut Gold
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