Argonaut Gold Inc Increases Again; Strong Momentum for Buyers

 Argonaut Gold Inc Increases Again; Strong Momentum for Buyers

The stock of Argonaut Gold Inc (TSE:AR) is a huge mover today! The stock last traded at $2.72 per share. It is down 48.97% since April 1, 2016 and is uptrending. It has outperformed by 47.01% the S&P500.
The move comes after 8 months positive chart setup for the $458.98 million company. It was reported on Nov, 8 by Barchart.com. We have $5.39 PT which if reached, will make TSE:AR worth $449.80 million 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 $3.31 average target is 21.69% above today’s ($2.72) stock price. Argonaut Gold Inc. has been the topic of 15 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Thursday, August 18, the company rating was maintained by Scotia Capital. The stock has “Outperform” rating given by Scotia Capital on Friday, July 15. On Friday, July 29 the stock rating was maintained by Scotia Capital with “Outperform”. BMO Capital Markets downgraded the shares of AR in a report on Friday, July 15 to “Market Perform” rating. The firm has “Outperform” rating by Scotia Capital given on Friday, July 24. The firm has “Outperform” rating by Scotia Capital given on Friday, November 4. RBC Capital Markets maintained Argonaut Gold Inc (TSE:AR) on Monday, August 24 with “Outperform” rating. On Wednesday, August 19 the stock rating was maintained by IBC with “Sector Perform”. The firm earned “Sector Underperformer” rating on Monday, October 26 by IBC.

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 $458.98 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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