Is Argonaut Gold Inc a Buy? The Stock Rises Again

 Is Argonaut Gold Inc a Buy? The Stock Rises Again

The stock of Argonaut Gold Inc (TSE:AR) is a huge mover today! About 149,036 shares traded hands. Argonaut Gold Inc (TSE:AR) has risen 62.57% since March 11, 2016 and is uptrending. It has outperformed by 57.09% the S&P500.
The move comes after 9 months positive chart setup for the $447.93M company. It was reported on Oct, 18 by We have $5.91 PT which if reached, will make TSE:AR worth $483.76M more.

Argonaut Gold Inc (TSE:AR) Ratings Coverage

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. $5 is the highest target while $2.50 is the lowest. The $3.32 average target is 16.90% above today’s ($2.84) stock price. Argonaut Gold Inc. has been the topic of 13 analyst reports since July 24, 2015 according to StockzIntelligence Inc. IBC maintained Argonaut Gold Inc (TSE:AR) rating on Wednesday, August 19. IBC has “Sector Perform” rating and $3.50 price target. The company was downgraded on Monday, October 26 by IBC. Scotia Capital maintained the stock with “Outperform” rating in Friday, July 24 report. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, August 24 report. The firm has “Market Perform” rating given on Friday, July 15 by BMO Capital Markets. Scotia Capital maintained it with “Outperform” rating and $5 target price in Friday, July 15 report. Scotia Capital maintained the shares of AR in a report on Thursday, August 18 with “Outperform” rating. The stock of Argonaut Gold Inc (TSE:AR) earned “Outperform” rating by Scotia Capital on Friday, July 29.

More news for Argonaut Gold Inc (TSE:AR) were recently published by:, which released: “Argonaut Gold Announces Q3 Production of 26322 Gold Equivalent Ounces and …” on October 17, 2016.‘s article titled: “Argonaut Gold Inc upgraded to buy” and published on August 16, 2016 is yet another important article.

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 $447.93 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.

AR Company Profile

Antero Resources Corporation, incorporated on June 20, 2002, is an oil and natural gas company. The Firm is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s divisions include the exploration, development and production of natural gas, NGLs, and oil; gathering and compression; water handling and treatment, and marketing of excess firm transportation capacity. The Firm holds approximately 569,000 net acres of gas and oil properties located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania.

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