Argonaut Gold (ARNGF) Gets a Buy from RBC Capital RBC Capital analyst Wayne Lam maintained a Buy rating on Argonaut Gold (ARNGF – Research Report) on February 13, 2024, and set a price target of C$1.00. The company’s shares closed yesterday at $0.27.
According to TipRanks, Lam is an analyst with an average return of -11.6% and a 36.97% success rate. Lam covers the Basic Materials sector, focusing on stocks such as Torex Gold Resources, Argonaut Gold, and IAMGOLD.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Argonaut Gold with a $0.61 average price target.
Based on Argonaut Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $104.8 million and a GAAP net loss of $471 thousand. In comparison, last year the company earned a revenue of $75.26 million and had a GAAP net loss of $27.48 million
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ARNGF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions.
