The stock of Argonaut Gold Inc (TSE:AR) is a huge mover today! About 353,824 shares traded hands. Argonaut Gold Inc (TSE:AR) has risen 48.97% since April 1, 2016 and is uptrending. It has outperformed by 47.01% the S&P500.
The move comes after 8 months negative chart setup for the $462.36 million company. It was reported on Nov, 7 by Barchart.com. We have $2.38 PT which if reached, will make TSE:AR worth $60.11 million less.
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 $3.31 average target is 20.80% above today’s ($2.74) stock price. Argonaut Gold Inc. has been the topic of 15 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Scotia Capital maintained the stock with “Outperform” rating in Thursday, August 18 report. On Wednesday, August 19 the stock rating was maintained by IBC with “Sector Perform”. The stock of Argonaut Gold Inc (TSE:AR) has “Outperform” rating given on Monday, August 24 by RBC Capital Markets. As per Monday, October 26, the company rating was downgraded by IBC. The firm has “Outperform” rating by Scotia Capital given on Friday, July 24. The firm earned “Outperform” rating on Friday, July 15 by Scotia Capital. The firm earned “Outperform” rating on Friday, July 29 by Scotia Capital. The rating was maintained by Scotia Capital with “Outperform” on Friday, November 4. The firm earned “Market Perform” rating on Friday, July 15 by BMO Capital Markets.
Another recent and important Argonaut Gold Inc (TSE:AR) news was published by Business.Financialpost.com which published an article titled: “Argonaut Gold Inc upgraded to buy” on August 16, 2016.
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 $462.36 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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