Argonaut Gold (TSE:AR) Given a C$3.50 Price Target by National Bank Financial Analysts

Argonaut Gold (TSE:AR) has been assigned a C$3.50 price objective by analysts at National Bank Financial in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. National Bank Financial’s price objective points to a potential upside of 24.11% from the company’s current price.

AR has been the topic of several other research reports. Canaccord Genuity increased their target price on Argonaut Gold from C$2.50 to C$3.25 in a research note on Wednesday, May 20th. Cormark boosted their price target on shares of Argonaut Gold from C$3.50 to C$4.75 in a research note on Monday. Finally, Laurentian increased their price target on shares of Argonaut Gold from C$4.25 to C$4.50 in a research report on Tuesday.

Shares of AR stock traded down C$0.16 during trading hours on Tuesday, hitting C$2.82. The company had a trading volume of 2,402,810 shares, compared to its average volume of 1,032,496. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.72 and a quick ratio of 1.42. The stock has a market capitalization of $710.16 million and a PE ratio of -4.73. The company’s fifty day moving average is C$2.08 and its 200 day moving average is C$1.67. Argonaut Gold has a fifty-two week low of C$0.76 and a fifty-two week high of C$2.98.

Argonaut Gold (TSE:AR) last announced its earnings results on Tuesday, May 12th. The mining company reported C$0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.02. The firm had revenue of C$89.34 million during the quarter. Equities analysts forecast that Argonaut Gold will post 0.28 earnings per share for the current year.

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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