The stock of Argonaut Gold Inc (TSE:AR) is a huge mover today! About 60,853 shares traded hands. Argonaut Gold Inc (TSE:AR) has risen 8.68% since April 25, 2016 and is uptrending. It has outperformed by 3.42% the S&P500.
The move comes after 7 months negative chart setup for the $433.50 million company. It was reported on Nov, 29 by Barchart.com. We have $2.46 PT which if reached, will make TSE:AR worth $21.68M 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 27.80% above today’s ($2.59) stock price. Argonaut Gold Inc. has been the topic of 15 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, October 26 by IBC. RBC Capital Markets maintained Argonaut Gold Inc (TSE:AR) on Monday, August 24 with “Outperform” rating. Scotia Capital maintained Argonaut Gold Inc (TSE:AR) on Thursday, August 18 with “Outperform” rating. IBC maintained Argonaut Gold Inc (TSE:AR) on Wednesday, August 19 with “Sector Perform” rating. The rating was maintained by Scotia Capital on Friday, November 4 with “Outperform”. On Friday, July 29 the stock rating was maintained by Scotia Capital with “Outperform”. The rating was maintained by Scotia Capital with “Outperform” on Friday, July 24. The firm has “Market Perform” rating given on Friday, July 15 by BMO Capital Markets. Scotia Capital maintained Argonaut Gold Inc (TSE:AR) on Friday, July 15 with “Outperform” rating.
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 $433.50 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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