Argonaut Gold Price Target Cut to C$11.00 by AnalyArgonaut Gold (TSE: AR) had its target price trimmed by Canaccord Genuity from C$12.00 to C$11.00 in a report released on Wednesday, Analyst Ratings Network reports. Canaccord Genuity currently has a buy rating on the stock.
Argonaut Gold (TSE: AR) traded down 1.73% on Wednesday, hitting $6.24. Argonaut Gold has a 52-week low of $5.24 and a 52-week high of $11.08. The stock’s 50-day moving average is currently $7.63. The company has a market cap of $929.0 million and a price-to-earnings ratio of 9.35.
A number of other analysts have also recently weighed in on AR. Analysts at Stonecap Securities cut their price target on shares of Argonaut Gold from C$10.75 to C$9.50 in a research note to investors on Wednesday. Separately, analysts at CIBC
initiated coverage on shares of Argonaut Gold in a research note to investors on Tuesday, April 30th. They set a sector perform rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Argonaut Gold from C$13.00 to C$11.00 in a research note to investors on Friday, April 19th. They now have an outperform rating on the stock.
One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Argonaut Gold has a consensus rating of Buy and an average price target of C$11.40.