Argonaut Gold (TSE:AR) Price Target Raised to C$4.00 at BMO Capital Markets

Argonaut Gold (TSE:AR) had its price objective boosted by BMO Capital Markets from C$3.25 to C$4.00 in a report released on Wednesday, BayStreet.CA reports.

Separately, National Bank Financial upped their price objective on Argonaut Gold from C$3.90 to C$4.00 and gave the stock an outperform rating in a research note on Thursday, September 5th.

AR traded down C$0.06 during mid-day trading on Wednesday, reaching C$2.34. 608,102 shares of the company traded hands, compared to its average volume of 440,069. The stock has a market capitalization of $419.99 million and a P/E ratio of -39.00. The company has a quick ratio of 1.24, a current ratio of 2.91 and a debt-to-equity ratio of 2.23. The company’s fifty day moving average price is C$2.49 and its 200-day moving average price is C$1.97. Argonaut Gold has a 52-week low of C$1.18 and a 52-week high of C$2.87.

Argonaut Gold (TSE:AR) last announced its earnings results on Wednesday, August 7th. The mining company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.02). The business had revenue of C$41.86 million for the quarter. As a group, sell-side analysts forecast that Argonaut Gold will post 0.28 earnings per share 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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