PRICE TARGET ---TDBased on 6 ranked analysts offering 12 month price targets for ARNGF in the last 3 months, the average price target is $3.78, with a high estimate of $4.50 and a low estimate of $3.00.-
07:18 AM EDT, 07/28/2020 (MT Newswires) -- Argonaut Gold Inc. (AR.TO) could add to the 6.3% it gained Monday and test a 52 week high of $2.96 after announcing Tuesday drill results from Phase Two of its drill campaign specifically targeting high-grade mineralization below the proposed pit at its 100% owned Magino property in Ontario, Canada, including 6.0 metres at 8.31 g/t Au, 1.0 metre of 48.50 g/t Au and 2.0 metres at 25.88 g/t Au. Pete Dougherty, President and CEO, in a statement said: "We continue to intersect high-grade gold and more importantly, we are seeing promising high-grade continuity within the Elbow Zone where we have now tightened drill spacing averaging between 40 metres and 50 metres in two areas. We are anxiously awaiting results from Phase Two drilling in the Central Zone where, like results from the Elbow Zone, we continue to encounter visible gold."