Argonaut Gold (TSE:AR) Share Price Passes Above 200 Day Moving Average of $0.41

Argonaut Gold Inc. (TSE:AR)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.41 and traded as high as C$0.45. Argonaut Gold shares last traded at C$0.42, with a volume of 9,488,895 shares traded.

Analyst Ratings Changes

Separately, BMO Capital Markets downgraded Argonaut Gold from an “outperform” rating to a “market perform” rating and dropped their target price for the company from C$0.75 to C$0.40 in a report on Thursday, March 28th.

Argonaut Gold Trading Down 2.3 %

The firm has a market capitalization of C$457.80 million, a PE ratio of 8.40 and a beta of 1.52. The company has a debt-to-equity ratio of 33.48, a quick ratio of 0.82 and a current ratio of 1.32. The firm has a fifty day moving average of C$0.34 and a 200 day moving average of C$0.41.

Argonaut Gold (TSE:AR) last announced its earnings results on Wednesday, March 6th. The mining company reported C($0.03) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.02). The company had revenue of C$157.36 million for the quarter. Argonaut Gold had a net margin of 10.27% and a return on equity of 4.24%. Equities research analysts expect that Argonaut Gold Inc. will post 0.0134902 EPS for the current year.

Argonaut Gold Company Profile

Argonaut Gold Inc engages in production and sale of gold, and mine development and exploration businesses in North America. It also explores for silver. The company's flagship property is the 100% owned Magino mine property comprising seven patented mining claims, four leased mining claims, and 69 unpatented mining claims totaling 2,204.495 hectares located in Ontario, Canada.