Argonaut Gold Inc (TSE:AR) had its target price lifted by Canaccord Genuity from C$3.25 to C$3.50 in a report released on Friday morning.

AR has been the subject of several other reports. Scotiabank initiated coverage on shares of Argonaut Gold in a research note on Friday, June 2nd. They issued an outperform rating and a C$3.50 target price for the company. Laurentian Bank of Canada reiterated a hold rating and issued a C$2.50 target price on shares of Argonaut Gold in a research note on Thursday, September 14th. Finally, Laurentian set a C$2.50 target price on shares of Argonaut Gold and gave the company a hold rating in a research note on Thursday, September 14th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of C$3.32.

Shares of Argonaut Gold (TSE:AR) traded up 4.70% during mid-day trading on Friday, hitting $2.45. 582,710 shares of the stock traded hands. Argonaut Gold has a 12 month low of $1.48 and a 12 month high of $3.88. The stock has a market cap of $433.46 million and a price-to-earnings ratio of 21.12. The firm has a 50 day moving average of $2.55 and a 200 day moving average of $2.29.

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