Argonaut Gold Receives Consensus Rating of “Buy” from Brokerages
Argonaut Gold (TSE:AR) has earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the company, American Banking News.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$6.46.
Argonaut Gold ( TSE:AR) opened at 4.45 on Friday. Argonaut Gold has a 52 week low of $3.43 and a 52 week high of $7.44. The stock has a 50-day moving average of $4.08 and a 200-day moving average of $4.49. The company’s market cap is $687.2 million.
Argonaut Gold (TSE:AR) last issued its quarterly earnings data on Friday, August 15th. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.01. On average, analysts predict that Argonaut Gold will post $0.12 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Scotiabank reiterated an “outperform” rating on shares of Argonaut Gold in a research note on Monday, August 25th. They now have a C$6.00 price target on the stock. Separately, analysts at Desjardins reiterated a “buy” rating on shares of Argonaut Gold in a research note on Wednesday, July 16th. They now have a C$5.00 price target on the stock, down previously from C$5.50. Finally, analysts at Canaccord Genuity cut their price target on shares of Argonaut Gold from C$6.50 to C$6.00 in a research note on Thursday, July 10th. They now have a “buy” rating on the stock.
Argonaut Gold Inc ( TSE:AR) is engaged in gold mining, mine development and mineral exploration activities at gold-bearing mineral properties in the Americas.
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