Argonaut Gold (TSE:AR) Price Target Raised to C$4.75

Argonaut Gold (TSE:AR) had its price objective increased by Cormark from C$3.50 to C$4.75 in a research note released on Monday morning, BayStreet.CA reports. Cormark also issued estimates for Argonaut Gold’s Q3 2020 earnings at $0.10 EPS.

Several other analysts have also weighed in on the stock. Canaccord Genuity boosted their target price on shares of Argonaut Gold from C$2.50 to C$3.25 in a research note on Wednesday, May 20th. National Bank Financial boosted their price target on shares of Argonaut Gold from C$3.25 to C$3.50 and gave the company an outperform rating in a report on Thursday, May 21st.

Shares of TSE:AR opened at C$2.63 on Monday. The company has a current ratio of 2.72, a quick ratio of 1.42 and a debt-to-equity ratio of 1.39. The company has a fifty day simple moving average of C$2.12 and a 200 day simple moving average of C$1.68. The firm has a market cap of $710.16 million and a PE ratio of -4.41. Argonaut Gold has a 12-month low of C$0.76 and a 12-month high of C$2.98.

Argonaut Gold (TSE:AR) last released its earnings results on Tuesday, May 12th. The mining company reported C$0.07 earnings per share for the quarter, beating the consensus estimate of C$0.05 by C$0.02. The business had revenue of C$89.34 million for the quarter. As a group, equities research analysts forecast that Argonaut Gold will post 0.28 EPS 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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