Argonaut Gold (TSE:AR) Given a C$3.50 Price Target by National Bank Financial Analysts

National Bank Financial set a C$3.50 price target on Argonaut Gold (TSE:AR) in a research report report published on Tuesday, BayStreet.CA reports. The firm currently has an outperform rating on the mining company’s stock.

AR has been the topic of several other research reports. Canaccord Genuity upped their target price on Argonaut Gold from C$2.50 to C$3.25 in a research report on Wednesday, May 20th. Cormark increased their price target on Argonaut Gold from C$3.50 to C$4.75 in a report on Monday, July 6th. Finally, Laurentian increased their price target on Argonaut Gold from C$4.25 to C$4.50 in a report on Tuesday.

Shares of Argonaut Gold stock opened at C$2.54 on Tuesday. Argonaut Gold has a one year low of C$0.76 and a one year high of C$2.98. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.72 and a quick ratio of 1.42. The stock’s 50-day moving average is C$2.15 and its 200 day moving average is C$1.69. The firm has a market cap of $621.99 million and a price-to-earnings ratio of -4.26.

Argonaut Gold (TSE:AR) last announced its earnings results on Tuesday, May 12th. The mining company reported C$0.07 EPS for the quarter, beating the consensus estimate of C$0.05 by C$0.02. The business had revenue of C$89.34 million for the quarter. On average, sell-side analysts expect that Argonaut Gold will post 0.28 EPS for the current fiscal year.

Argonaut Gold Company Profile

Argonaut Gold Inc engages in the exploration, mine development, and production activities in North America. The company primarily explores for gold and silver deposits. Its primary assets include the El Castillo mine located in the State of Durango, Mexico; and the San Agustin project located in the State of Durango, Mexico.

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