Argonaut Gold (TSE:AR) Upgraded at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Argonaut Gold (TSE:AR – Get Rating) to a hold rating in a research note published on Monday, TipRanks reports. Canaccord Genuity Group currently has C$1.32 price objective on the mining company’s stock.

A number of other research analysts have also recently issued reports on AR. Laurentian cut their price target on Argonaut Gold from C$3.65 to C$3.25 in a report on Thursday, March 3rd. Laurentian Bank of Canada cut their price target on Argonaut Gold to C$3.25 in a report on Thursday, March 3rd. Finally, BMO Capital Markets cut their price target on Argonaut Gold from C$4.25 to C$3.25 in a report on Monday, March 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Buy and an average target price of C$3.29.

AR opened at C$1.32 on Monday. Argonaut Gold has a fifty-two week low of C$1.10 and a fifty-two week high of C$4.09. The company has a debt-to-equity ratio of 22.79, a current ratio of 1.84 and a quick ratio of 1.14. The firm’s fifty day moving average price is C$2.14 and its two-hundred day moving average price is C$2.46. The company has a market capitalization of C$439.22 million and a P/E ratio of 82.50.

Argonaut Gold (TSE:AR – Get Rating) last posted its quarterly earnings results on Tuesday, March 1st. The mining company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.03). The business had revenue of C$129.73 million for the quarter. On average, equities research analysts expect that Argonaut Gold will post 0.33 EPS for the current fiscal year.

In related news, Director Daniel Arthur Symons sold 56,883 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of C$1.22, for a total value of C$69,397.26. Following the completion of the transaction, the director now directly owns 239,235 shares in the company, valued at approximately C$291,866.70.

About Argonaut Gold (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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