Argonaut Gold Inc (AR) Now Covered by Analysts at Scotiabank

Scotiabank initiated coverage on shares of Argonaut Gold Inc (TSE:AR) in a research report report published on Friday morning. The brokerage issued an outperform rating and a C$3.50 target price on the mining company’s stock.

Separately, CIBC raised shares of Argonaut Gold from an underperform rating to a neutral rating in a research note on Thursday, May 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of C$3.55.

Analyst Recommendations for Argonaut Gold (TSE:AR)

Shares of Argonaut Gold (AR) opened at 2.06 on Friday. The company has a market cap of $364.49 million and a PE ratio of 29.01. Argonaut Gold has a 1-year low of $1.48 and a 1-year high of $4.45. The firm’s 50 day moving average is $2.09 and its 200-day moving average is $2.33.

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Argonaut Gold Company Profile

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