Argonaut Gold (OTCMKTS:ARNGF) Given New $4.25 Price Target at Canaccord Genuity

Argonaut Gold (OTCMKTS:ARNGF) had its price target lifted by Canaccord Genuity from $3.25 to $4.25 in a research report released on Wednesday, The Fly reports. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently issued reports on ARNGF. BMO Capital Markets reissued a buy rating and set a $3.00 price objective on shares of Argonaut Gold in a research report on Sunday, July 5th. Scotiabank raised their target price on shares of Argonaut Gold from $3.25 to $3.50 and gave the company an outperform rating in a research report on Friday, July 24th.

Shares of ARNGF stock opened at $2.09 on Wednesday. The firm has a fifty day moving average of $1.78 and a 200-day moving average of $1.28. Argonaut Gold has a 12-month low of $0.53 and a 12-month high of $2.20.

About Argonaut Gold

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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