Research Analysts Issue Forecasts for Argonaut Gold Inc’s FY2019 Earnings (TSE:AR)

Argonaut Gold Inc (TSE:AR) – National Bank Financial lowered their FY2019 EPS estimates for Argonaut Gold in a report issued on Sunday, November 10th. National Bank Financial analyst J. Sclodnick now expects that the mining company will post earnings of $0.18 per share for the year, down from their previous forecast of $0.22. National Bank Financial currently has a “Outperform” rating and a $3.75 price target on the stock. National Bank Financial also issued estimates for Argonaut Gold’s FY2020 earnings at $0.41 EPS and FY2021 earnings at $0.50 EPS.

Separately, BMO Capital Markets increased their price objective on shares of Argonaut Gold from C$3.25 to C$4.00 in a research report on Wednesday, September 11th.

AR opened at C$1.82 on Wednesday. Argonaut Gold has a twelve month low of C$1.18 and a twelve month high of C$2.87. 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 has a fifty day moving average of C$2.12 and a 200-day moving average of C$2.08. The stock has a market cap of $323.07 million and a PE ratio of -30.33.

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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Earnings History and Estimates for Argonaut Gold (TSE:AR)

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