Argonaut Gold Inc (AR) Earns Outperform Rating from Scotiabank
Scotiabank reiterated their outperform rating on shares of Argonaut Gold Inc (TSE:AR) in a research report report published on Wednesday morning. They currently have a C$3.50 price objective on the mining company’s stock.
AR has been the subject of several other reports. Cormark started coverage on shares of Argonaut Gold in a research note on Tuesday, December 13th. They issued a buy rating for the company. Desjardins decreased their price target on shares of Argonaut Gold from C$3.60 to C$3.30 in a research note on Wednesday, December 21st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of C$3.55.
Argonaut Gold (TSE:AR) opened at 2.34 on Wednesday. Argonaut Gold has a one year low of $1.48 and a one year high of $4.45. The company’s 50-day moving average price is $2.30 and its 200-day moving average price is $2.51. The firm has a market cap of $409.31 million and a price-to-earnings ratio of 86.67.
About Argonaut Gold
Argonaut Gold Inc is engaged in gold mining, mine development and mineral exploration activities at gold-bearing mineral properties in North America. The Company’s segments are El Castillo, La Colorada, San Antonio, Magino, and Corporate and other. It owns the producing El Castillo mine in the State of Durango, Mexico; the producing La Colorada mine in the State of Sonora, Mexico; the advanced exploration-stage San Antonio property in the State of Baja California Sur, Mexico; the advanced exploration-stage Magino property in the Province of Ontario, Canada; the advanced exploration-stage San Agustin property located approximately 10 kilometers from the El Castillo mine in the State of Durango, Mexico, and various other exploration stage projects, all of which are located in North America.
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