Argonaut Gold (TSE:AR) Stock Crosses Above 200-Day Moving Average of $0.40

Shares of Argonaut Gold Inc. (TSE:AR) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.40 and traded as high as C$0.42. Argonaut Gold shares last traded at C$0.42, with a volume of 1,572,196 shares traded.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets downgraded 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 report on Thursday, March 28th.

Argonaut Gold Stock Performance

The business has a 50-day moving average of C$0.35 and a 200 day moving average of C$0.40. The company has a debt-to-equity ratio of 33.48, a current ratio of 1.32 and a quick ratio of 0.82. The company has a market cap of C$527.05 million, a PE ratio of 8.30 and a beta of 1.72.

Argonaut Gold (TSE:AR) last released its quarterly earnings results on Wednesday, March 6th. The mining company reported C($0.03) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.02). Argonaut Gold had a net margin of 10.27% and a return on equity of 4.24%. The business had revenue of C$157.36 million for the quarter. Equities research analysts anticipate that Argonaut Gold Inc. will post 0.0134902 EPS for the current fiscal year.

About Argonaut Gold

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.