Argonaut Gold (TSE:AR – Get Rating) was downgraded by investment analysts at Canaccord Genuity Group to a “sell” rating in a report released on Thursday, TipRanks reports. They presently have a C$1.50 price objective on the mining company’s stock. Canaccord Genuity Group’s price target points to a potential upside of 21.95% from the company’s previous close.
Other equities analysts have also issued research reports about the company. BMO Capital Markets lowered their price objective on Argonaut Gold from C$4.25 to C$3.25 in a research note on Monday, March 7th. Laurentian Bank of Canada lowered their price objective on Argonaut Gold to C$3.25 in a research note on Thursday, March 3rd. Finally, Laurentian lowered their price objective on Argonaut Gold from C$3.65 to C$3.25 in a research note on Thursday, March 3rd. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$3.31.
Shares of AR opened at C$1.23 on Thursday. The company has a debt-to-equity ratio of 22.97, a quick ratio of 1.40 and a current ratio of 2.04. Argonaut Gold has a one year low of C$1.10 and a one year high of C$4.09. The stock has a market capitalization of C$409.07 million and a price-to-earnings ratio of 12.06. The stock has a 50 day moving average price of C$2.32 and a 200 day moving average price of C$2.57.
Argonaut Gold (TSE:AR – Get Rating) last issued its quarterly earnings results on Tuesday, March 1st. The mining company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.03). The company had revenue of C$129.73 million during the quarter. On average, analysts predict that Argonaut Gold will post 0.34 earnings per share 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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