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Argonaut Gold Inc. (TSE:AR) Given Consensus Recommendation of “Moderate Buy” by Analysts

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Argonaut Gold Inc. (TSE:ARGet Rating) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$3.01.

Several equities research analysts have recently weighed in on AR shares. Royal Bank of Canada decreased their target price on shares of Argonaut Gold from C$2.75 to C$1.25 and set an “outperform” rating for the company in a research note on Wednesday. Canaccord Genuity Group upgraded shares of Argonaut Gold to a “hold” rating and set a C$1.32 target price for the company in a research note on Monday, May 23rd.

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

Shares of AR stock opened at C$0.43 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.14 and a debt-to-equity ratio of 22.79. The firm has a fifty day moving average price of C$1.18 and a 200 day moving average price of C$1.94. The company has a market cap of C$141.42 million and a P/E ratio of 42.50. Argonaut Gold has a 12 month low of C$0.41 and a 12 month high of C$4.09.

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Argonaut Gold (TSE:ARGet Rating) last released its quarterly earnings data on Wednesday, May 11th. The mining company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.01). The business had revenue of C$134.02 million for the quarter. On average, equities analysts forecast that Argonaut Gold will post 0.2924445 EPS for the current year.

Argonaut Gold Company Profile (Get Rating)

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.

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Analyst Recommendations for Argonaut Gold (TSE:AR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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