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.
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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