Argonaut Gold (AR) PT Raised to C$5.00

Argonaut Gold (TSE:AR) had its price target lifted by analysts at Canaccord Genuity from C$4.25 to C$5.00 in a research note issued on Friday. Canaccord Genuity’s price objective indicates a potential upside of 84.50% from the company’s previous close.

Shares of Argonaut Gold (TSE:AR) traded up C$0.01 during mid-day trading on Friday, hitting C$2.71. 177,698 shares of the company were exchanged, compared to its average volume of 440,783. The stock has a market cap of $480.48, a PE ratio of 19.36 and a beta of -0.33. Argonaut Gold has a 12 month low of C$1.76 and a 12 month high of C$2.92.

Argonaut Gold (TSE:AR) last announced its quarterly earnings results on Thursday, November 2nd. The mining company reported C($0.01) EPS for the quarter. Argonaut Gold had a net margin of 1.53% and a return on equity of 0.28%.

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Argonaut Gold Company Profile

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, which is located approximately 100 kilometers north of the city of Durango and construction-stage San Agustin property, which is located approximately 10 kilometers from the El Castillo Mine; the producing La Colorada mine, which is located approximately 40 kilometers southeast of Hermosillo, Sonora State, Mexico; the exploration-stage San Antonio property, which is located approximately 40 kilometers southeast from the port city of La Paz in the State of Baja California Sur, Mexico; the exploration-stage Magino property, which is located approximately 40 kilometers northeast of Wawa in the Province of Ontario, Canada, and several other exploration-stage projects, which are located in North America.

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