Shares of Argonaut Gold Inc (TSE:AR) have been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$3.61.
Several brokerages have weighed in on AR. Scotiabank initiated coverage on shares of Argonaut Gold in a research note on Friday, June 2nd. They issued an “outperform” rating and a C$3.50 price objective for the company. CIBC raised shares of Argonaut Gold from an “underperform” rating to a “neutral” rating in a report on Thursday, May 11th.
In other news, Director Audra Beth Walsh purchased 27,027 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were purchased at an average price of C$1.85 per share, for a total transaction of C$49,999.95.
Argonaut Gold (TSE:AR) opened at 2.24 on Tuesday. The firm has a market capitalization of $396.34 million and a PE ratio of 31.55. The company’s 50-day moving average price is $2.27 and its 200 day moving average price is $2.29. Argonaut Gold has a 1-year low of $1.48 and a 1-year high of $4.00.
About Argonaut Gold
Argonaut Gold Inc, a mining company, engages in the exploration, development, and production of gold and silver in North America. The companys principal assets include the El Castillo mine located in the State of Durango, Mexico; the La Colorada mine situated in the State of Sonora, Mexico; the San Antonio gold project located in the State of Baja California Sur, Mexico; the San Agustin project situated in the State of Durango, Mexico; and the Magino gold project located in the province of Ontario, Canada.
Receive News & Ratings for Argonaut Gold Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Argonaut Gold Inc and related companies with MarketBeat.com's FREE daily email newsletter.
