Argonaut Gold - AR Stock Forecast, Price & News

Argonaut Gold Inc. is a Canadian company engaged in gold mining, mine development, and mineral exploration activities at gold-bearing mineral properties in North America. Its primary assets include the El Castillo and San Agustin mines, which together form the El Castillo Complex located in Durango, Mexico; the La Colorada mine located in Sonora, Mexico; the Florida Canyon mine in Nevada, the United States; and the Cerro del Gallo project in Guanajuato, Mexico. The advanced exploration projects of the company include the San Antonio project in Baja California Sur, Mexico, the Cerro del Gallo project in the State of Guanajuato, Mexico, the Ana Paula project in the State of Guerrero, Mexico, and the Magino project in the Province of Ontario, Canada. The Company also holds several other exploration stage projects, all of which are located in North America. Argonaut Gold Inc. was founded in 2007 and is headquartered in Reno, Nevada.

Analysts Set New Price Targets

AR has been the topic of several analyst reports. BMO Capital Markets initiated coverage on Argonaut Gold in a report on Thursday, July 7th. They set a "buy" rating and a C$1.50 target price on the stock. Royal Bank of Canada reduced their target price on Argonaut Gold from C$2.75 to C$1.25 and set an "outperform" rating on the stock in a report on Wednesday, July 6th. Finally, Canaccord Genuity Group upgraded Argonaut Gold to a "hold" rating and set a C$1.32 price objective for the company in a research report on Monday, May 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$2.58.

Argonaut Gold Trading Down 11.1 %

Argonaut Gold stock traded down C$0.07 during trading hours on Friday, hitting C$0.56. The stock had a trading volume of 3,719,871 shares, compared to its average volume of 1,954,994. The company has a quick ratio of 1.14, a current ratio of 1.84 and a debt-to-equity ratio of 22.79. The stock has a market cap of C$429.43 million and a price-to-earnings ratio of 56.00. Argonaut Gold has a one year low of C$0.38 and a one year high of C$4.09. The business's 50 day simple moving average is C$0.67 and its 200-day simple moving average is C$1.66.

Argonaut Gold (TSE:AR - Get Rating) last posted its earnings results on Wednesday, May 11th. The mining company reported C$0.03 earnings per share for the quarter, missing analysts' consensus estimates of C$0.04 by C($0.01). The firm had revenue of C$134.02 million during the quarter. On average, equities analysts predict that Argonaut Gold will post 0.18 EPS for the current fiscal year.

Insider Transactions at Argonaut Gold

In other Argonaut Gold news, Director Daniel Arthur Symons sold 56,883 shares of the company's stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of C$1.22, for a total transaction of C$69,397.26. Following the transaction, the director now owns 239,235 shares in the company, valued at approximately C$291,866.70.