Argonaut Gold Inc (TSE:AR)’s share price fell 6.8% during mid-day trading on Friday . The company traded as low as C$1.79 and last traded at C$1.79, 225,308 shares traded hands during mid-day trading. A decline of 63% from the average session volume of 613,327 shares. The stock had previously closed at C$1.92.
A number of brokerages have recently issued reports on AR. Canaccord Genuity cut their price objective on shares of Argonaut Gold from C$4.00 to C$3.50 in a research note on Wednesday. National Bank Financial upped their price objective on shares of Argonaut Gold from C$3.50 to C$3.75 and gave the company an “outperform” rating in a research note on Friday, January 10th.
The company has a market cap of $344.61 million and a PE ratio of -94.21. The stock’s 50 day moving average price is C$1.89 and its 200-day moving average price is C$2.13. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.24 and a current ratio of 3.01.
Argonaut Gold (TSE:AR) last posted its quarterly earnings results on Thursday, November 7th. The mining company reported C$0.05 EPS 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 for the quarter. On average, analysts anticipate that Argonaut Gold Inc will post 0.28 EPS for the current year.
Argonaut Gold Company Profile (TSE:AR)
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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