Argonaut Gold Inc (TSE:AR) had its price objective dropped by stock analysts at CIBC from C$3.75 to C$3.25 in a report issued on Tuesday. CIBC’s target price would suggest a potential upside of 16.91% from the company’s current price.
AR has been the topic of a number of other research reports. Canaccord Genuity increased their price target on shares of Argonaut Gold from C$3.00 to C$4.25 in a research note on Tuesday, July 12th. Scotiabank reaffirmed an “outperform” rating and set a C$5.00 price target on shares of Argonaut Gold in a research note on Friday, July 15th. BMO Capital Markets downgraded shares of Argonaut Gold from an “outperform” rating to a “market perform” rating in a research note on Friday, July 15th. Finally, Desjardins raised shares of Argonaut Gold from a “hold” rating to a “buy” rating and increased their price target for the stock from C$4.00 to C$4.70 in a research note on Tuesday, August 16th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of C$4.28.
Shares of Argonaut Gold (TSE:AR) traded up 5.04% on Tuesday, hitting $2.92. The stock had a trading volume of 558,105 shares. The stock has a 50 day moving average of $3.39 and a 200-day moving average of $3.23. Argonaut Gold has a 12 month low of $0.78 and a 12 month high of $4.45. The stock’s market cap is $462.73 million.
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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