Shares of Argonaut Gold Inc (TSE:AR) have earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$4.20.
AR has been the subject of several research analyst reports. Scotiabank reiterated an “outperform” rating and set a C$5.00 price target on shares of Argonaut Gold in a report on Thursday, August 18th. Canaccord Genuity increased their price objective on Argonaut Gold from C$3.00 to C$4.25 in a report on Tuesday, July 12th. BMO Capital Markets downgraded Argonaut Gold from an “outperform” rating to a “market perform” rating in a report on Friday, July 15th. Finally, Desjardins restated a “hold” rating and issued a C$3.50 price objective on shares of Argonaut Gold in a report on Tuesday, June 14th.
Argonaut Gold (TSE:AR) opened at 3.87 on Tuesday. Argonaut Gold has a 12-month low of $0.78 and a 12-month high of $4.45. The company’s market capitalization is $613.28 million. The firm’s 50-day moving average price is $3.63 and its 200 day moving average price is $3.06.
Argonaut Gold Company Profile
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.