Argonaut Gold Inc to Post FY2018 Earnings of $0.31 Per Share, Cormark Forecasts (AR)

Argonaut Gold Inc (TSE:AR) – Analysts at Cormark decreased their FY2018 earnings per share (EPS) estimates for Argonaut Gold in a research report issued on Thursday. Cormark analyst R. Gray now anticipates that the mining company will post earnings of $0.31 per share for the year, down from their previous estimate of $0.37. Cormark also issued estimates for Argonaut Gold’s FY2019 earnings at $0.48 EPS.

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

Separately, Canaccord Genuity boosted their price objective on shares of Argonaut Gold from C$4.25 to C$5.00 in a research report on Friday.

Shares of Argonaut Gold (AR) opened at C$2.70 on Monday. Argonaut Gold has a 1 year low of C$1.76 and a 1 year high of C$2.92. The stock has a market cap of $477.82, a price-to-earnings ratio of 19.29 and a beta of -0.33.

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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.

Earnings History and Estimates for Argonaut Gold (TSE:AR)

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