Argonaut Gold Inc (AR) Given Average Recommendation of “Hold” by Analysts
Shares of Argonaut Gold Inc (TSE:AR) have received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$4.21.
Several research analysts have weighed in on AR shares. Desjardins raised Argonaut Gold from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$4.00 to C$4.70 in a research report on Tuesday, August 16th. Scotiabank reissued an “outperform” rating and issued a C$5.00 price objective on shares of Argonaut Gold in a research report on Thursday, August 18th. BMO Capital Markets cut their price objective on Argonaut Gold from C$4.50 to C$3.50 and set a “market perform” rating on the stock in a research report on Tuesday, October 18th. CIBC cut their price objective on Argonaut Gold from C$3.75 to C$3.25 in a research report on Tuesday, October 18th. Finally, Canaccord Genuity cut their price objective on Argonaut Gold from C$4.25 to C$3.25 in a research report on Monday, October 24th.
Shares of Argonaut Gold (TSE:AR) traded down 1.90% during mid-day trading on Tuesday, reaching $2.58. The company’s stock had a trading volume of 142,858 shares. The company has a 50-day moving average of $2.73 and a 200-day moving average of $3.29. Argonaut Gold has a 12 month low of $0.78 and a 12 month high of $4.45. The firm’s market cap is $408.84 million.
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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 in the State of Durango, Mexico; the producing La Colorada mine in the State of Sonora, Mexico; the advanced exploration-stage San Antonio property in the State of Baja California Sur, Mexico; the advanced exploration-stage Magino property in the Province of Ontario, Canada; the advanced exploration-stage San Agustin property located approximately 10 kilometers from the El Castillo mine in the State of Durango, Mexico, and various other exploration stage projects, all of which are located in North America.
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