Argonaut Gold (TSE:AR) Shares Pass Above 200 Day Moving Average of $0.40

Argonaut Gold Inc. (TSE:AR)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.40 and traded as high as C$0.42. Argonaut Gold shares last traded at C$0.40, with a volume of 2,573,420 shares traded.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lowered shares of Argonaut Gold from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$0.75 to C$0.40 in a research note on Thursday, March 28th.

Argonaut Gold Trading Up 1.2 %

The company has a quick ratio of 0.82, a current ratio of 1.32 and a debt-to-equity ratio of 33.48. The company has a market cap of C$452.35 million, a price-to-earnings ratio of 8.30 and a beta of 1.52. The business’s fifty day simple moving average is C$0.34 and its two-hundred day simple moving average is C$0.40.

Argonaut Gold (TSE:AR) last announced its earnings results on Wednesday, March 6th. The mining company reported C($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.02). The business had revenue of C$157.36 million for the quarter. Argonaut Gold had a return on equity of 4.24% and a net margin of 10.27%. On average, equities analysts predict that Argonaut Gold Inc. will post 0.0134902 EPS for the current year.

Argonaut Gold Company Profile

Argonaut Gold Inc engages in production and sale of gold, and mine development and exploration businesses in North America. It also explores for silver. The company's flagship property is the 100% owned Magino mine property comprising seven patented mining claims, four leased mining claims, and 69 unpatented mining claims totaling 2,204.495 hectares located in Ontario, Canada.