The stock of Argonaut Gold Inc (TSE:AR) is a huge mover today! About 56,391 shares traded hands. Argonaut Gold Inc (TSE:AR) has risen 5.96% since April 22, 2016 and is uptrending. It has underperformed by 0.06% the S&P500.
The move comes after 5 months positive chart setup for the $396.94 million company. It was reported on Nov, 28 by Barchart.com. We have $2.62 PT which if reached, will make TSE:AR worth $11.91 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 30.31% above today’s ($2.54) stock price. Argonaut Gold Inc. has been the topic of 15 analyst reports since July 24, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of AR in a report on Monday, August 24 with “Outperform” rating. The rating was downgraded by BMO Capital Markets on Friday, July 15 to “Market Perform”. The stock of Argonaut Gold Inc (TSE:AR) earned “Outperform” rating by Scotia Capital on Friday, July 24. The stock of Argonaut Gold Inc (TSE:AR) earned “Outperform” rating by Scotia Capital on Friday, July 15. The firm earned “Outperform” rating on Thursday, August 18 by Scotia Capital. On Monday, October 26 the stock rating was downgraded by IBC to “Sector Underperformer”. The firm has “Outperform” rating by Scotia Capital given on Friday, July 29. The firm earned “Sector Perform” rating on Wednesday, August 19 by IBC. The stock has “Outperform” rating given by Scotia Capital on Friday, November 4.
More news for Argonaut Gold Inc (TSE:AR) were recently published by: Business.Financialpost.com, which released: “Argonaut Gold Inc upgraded to buy” on August 16, 2016. Marketwired.com‘s article titled: “Argonaut Gold Announces Receipt of Change in Use of Soil Permit and …” and published on November 02, 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 $396.94 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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