Could Argonaut Gold Inc See a Reversal After This Very Weak Session?


The stock of Argonaut Gold Inc (TSE:AR) is a huge mover today! About 1.18M shares traded hands or 6.31% up from the average. Argonaut Gold Inc (TSE:AR) has risen 234.48% since February 5, 2016 and is uptrending. It has outperformed by 217.99% the S&P500.
The move comes after 8 months negative chart setup for the $652.63 million company. It was reported on Sep, 13 by We have $3.56 PT which if reached, will make TSE:AR worth $32.63 million less.

Out of 4 analysts covering Argonaut Gold Inc. (TSE:AR), 1 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 25% are positive. Argonaut Gold Inc. has been the topic of 8 analyst reports since October 7, 2015 according to StockzIntelligence Inc.

Argonaut Gold Inc. is engaged in gold mining, mine development and mineral exploration activities at gold-bearing mineral properties in North America. The company has a market cap of $652.63 million. The Company’s divisions are El Castillo, La Colorada, San Antonio, Magino, and Corporate and other. It currently has negative earnings. It owns the producing El Castillo mine in the State of Durango, Mexico; the producing La Colorada mine in the State of Sonora, Mexico; the advanced exploration-stage San Antonio property in the State of Baja California Sur, Mexico; the advanced exploration-stage Magino property in the Province of Ontario, Canada; the advanced exploration-stage San Agustin property located approximately 10 kilometers from the El Castillo mine in the State of Durango, Mexico, and various other exploration stage projects, all of which are located in North America.

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