Argonaut Gold’s (AR) “Outperform” Rating Reiterated at Scotiabank

Scotiabank reissued their outperform rating on shares of Argonaut Gold Inc (TSE:AR) in a report issued on Wednesday morning. Scotiabank currently has a C$3.50 target price on the mining company’s stock.

A number of other equities research analysts have also weighed in on AR. Cormark initiated coverage on Argonaut Gold in a report on Tuesday, December 13th. They issued a buy rating on the stock. Desjardins lowered their price objective on Argonaut Gold from C$3.60 to C$3.30 in a report on Wednesday, December 21st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of C$3.94.

Shares of Argonaut Gold (TSE:AR) opened at 2.40 on Wednesday. Argonaut Gold has a 12-month low of $1.48 and a 12-month high of $4.45. The company has a 50 day moving average price of $2.39 and a 200 day moving average price of $2.68. The firm has a market cap of $379.93 million and a PE ratio of 88.89.

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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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