Argonaut Gold Inc (AR) to Post FY2017 Earnings of $0.12 Per Share, Cormark Forecasts
Argonaut Gold Inc (TSE:AR) – Research analysts at Cormark upped their FY2017 earnings estimates for Argonaut Gold in a note issued to investors on Monday. Cormark analyst R. Gray now forecasts that the mining company will post earnings of $0.12 per share for the year, up from their prior estimate of $0.11. Cormark also issued estimates for Argonaut Gold’s FY2018 earnings at $0.37 EPS.
Other equities analysts have also recently issued research reports about the company. Canaccord Genuity lifted their target price on Argonaut Gold from C$3.25 to C$3.50 in a report on Friday, September 29th. Laurentian Bank of Canada reaffirmed a “hold” rating and set a C$2.50 target price on shares of Argonaut Gold in a research report on Thursday, September 14th. Finally, Laurentian set a C$2.50 price target on Argonaut Gold and gave the stock a “hold” rating in a research report on Thursday, September 14th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$3.30.
Argonaut Gold (TSE AR) traded up C$0.08 during midday trading on Wednesday, hitting C$2.46. The stock had a trading volume of 114,080 shares, compared to its average volume of 415,888. Argonaut Gold has a 1 year low of C$1.48 and a 1 year high of C$2.98.
Argonaut Gold Company Profile
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