Argonaut Gold (TSE:AR) PT Raised to C$4.25

Argonaut Gold (TSE:AR) had its price target raised by Canaccord Genuity from C$3.25 to C$4.25 in a research note released on Wednesday, BayStreet.CA reports.

Several other equities research analysts have also commented on AR. Laurentian Bank of Canada boosted their price target on shares of Argonaut Gold from C$4.25 to C$4.50 in a report on Tuesday, July 7th. Laurentian upped their target price on shares of Argonaut Gold from C$4.25 to C$4.50 in a report on Tuesday, July 7th. Scotiabank upped their target price on shares of Argonaut Gold from C$3.25 to C$3.50 in a report on Friday, July 24th. National Bank Financial set a C$4.00 target price on shares of Argonaut Gold and gave the stock an outperform rating in a report on Friday, July 24th. Finally, Cormark upped their target price on shares of Argonaut Gold from C$3.50 to C$4.75 in a report on Monday, July 6th.

Shares of TSE AR opened at C$2.80 on Wednesday. The firm has a market cap of $807.61 million and a PE ratio of -4.70. The firm has a fifty day moving average of C$2.43 and a 200 day moving average of C$1.76. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.42 and a current ratio of 2.72. Argonaut Gold has a one year low of C$0.76 and a one year high of C$2.98.

Argonaut Gold (TSE:AR) last issued its quarterly earnings results on Tuesday, May 12th. The mining company reported C$0.07 EPS for the quarter, topping the consensus estimate of C$0.05 by C$0.02. The company had revenue of C$89.34 million during the quarter. On average, equities analysts predict that Argonaut Gold will post 0.28 EPS for the current fiscal 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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