Canaccord Genuity Cuts Argonaut Gold (TSE:AR) Price Target to C$3.50

Argonaut Gold (TSE:AR) had its target price reduced by Canaccord Genuity from C$4.00 to C$3.50 in a research note issued to investors on Wednesday, BayStreet.CA reports.

Separately, National Bank Financial lifted their target price on Argonaut Gold from C$3.50 to C$3.75 and gave the company an outperform rating in a report on Friday, January 10th.

Argonaut Gold stock traded up C$0.02 during midday trading on Wednesday, reaching C$1.94. The stock had a trading volume of 270,789 shares, compared to its average volume of 602,984. Argonaut Gold has a twelve month low of C$1.36 and a twelve month high of C$2.87. The stock has a market capitalization of $344.61 million and a PE ratio of -102.63. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.24 and a current ratio of 3.01. The stock’s 50-day simple moving average is C$1.88 and its 200 day simple moving average is C$2.13.

Argonaut Gold (TSE:AR) last issued its earnings results on Thursday, November 7th. The mining company reported C$0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.08 by C($0.03). The company had revenue of C$88.25 million during the quarter. Equities analysts predict that Argonaut Gold will post 0.28 earnings per share for the current fiscal year.

Argonaut Gold Company Profile

Argonaut Gold Inc engages in the exploration, mine development, and production activities in North America. The company primarily explores for gold and silver deposits. Its primary assets include the El Castillo mine located in the State of Durango, Mexico; and the San Agustin project located in the State of Durango, Mexico.

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