Canaccord Genuity Increases Argonaut Gold (AR) Price Target to C$5.00

Argonaut Gold (TSE:AR) had its price objective lifted by stock analysts at Canaccord Genuity from C$4.25 to C$5.00 in a research note issued on Friday. Canaccord Genuity’s price objective indicates a potential upside of 85.19% from the stock’s current price.

Argonaut Gold (AR) remained flat at $C$2.70 on Friday. 261,095 shares of the stock traded hands, compared to its average volume of 464,932. Argonaut Gold has a twelve month low of C$1.76 and a twelve month high of C$2.92. The firm has a market cap of $477.82, a PE ratio of 19.29 and a beta of -0.33.

Argonaut Gold (TSE:AR) last released its quarterly earnings data on Thursday, November 2nd. The mining company reported C($0.01) EPS for the quarter. Argonaut Gold had a net margin of 1.53% and a return on equity of 0.28%.

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About Argonaut Gold

Argonaut Gold Inc is engaged in gold mining, mine development and mineral exploration activities at gold-bearing mineral properties in North America. The Company’s segments are El Castillo, La Colorada, San Antonio, Magino, and Corporate and other. It owns the producing El Castillo mine, which is located approximately 100 kilometers north of the city of Durango and construction-stage San Agustin property, which is located approximately 10 kilometers from the El Castillo Mine; the producing La Colorada mine, which is located approximately 40 kilometers southeast of Hermosillo, Sonora State, Mexico; the exploration-stage San Antonio property, which is located approximately 40 kilometers southeast from the port city of La Paz in the State of Baja California Sur, Mexico; the exploration-stage Magino property, which is located approximately 40 kilometers northeast of Wawa in the Province of Ontario, Canada, and several other exploration-stage projects, which are located in North America.

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