RE:RE:RE:Argonaut Gold: Magino - The diamond in the rough That is a very good question my friend.
Price target was posted up on MarketBeat(https://www.marketbeat.com/stocks/OTCMKTS/ARNGF/).
How does MarketBeat determine price targets?
Here's a link with an extra lengthy explanation(https://www.marketbeat.com/financial-terms/how-is-a-price-target-determined/#:~:text=A%20common%20way%20that%20analysts%20calculate%20the%20price,market%20price%20by%20the%20company%E2%80%99s%20trailing%2012-month%20earnings)
Is MarketBeat a credible source you ask?
Yes it is very credible.
Matt Paulson is the CEO and founder of MarketBeat(annual revenue US$10 million). Here is link to Matt Paulson's website were you can find more information about his success and how he built multiple highly-profitable online businesses and have created resources to help others do the same.