Argonaut Gold (TSE:AR) Price Target Raised to C$3.00 at National Bank Financial

Argonaut Gold (TSE:AR) had its target price hoisted by National Bank Financial from C$2.75 to C$3.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the mining company’s stock.

Separately, Canaccord Genuity decreased their price target on Argonaut Gold from C$3.25 to C$2.50 in a report on Tuesday, February 25th.

TSE AR traded down C$0.03 during trading on Wednesday, reaching C$1.07. 830,276 shares of the company’s stock were exchanged, compared to its average volume of 885,288. The stock has a market cap of $198.00 million and a P/E ratio of -2.05. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.49 and a current ratio of 2.92. The company has a 50 day moving average price of C$1.35 and a two-hundred day moving average price of C$1.82. Argonaut Gold has a 1 year low of C$0.76 and a 1 year high of C$2.87.

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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