Argonaut Gold (TSE:AR) Price Target Lowered to C$3.50 at National Bank Financial

Argonaut Gold (TSE:AR) had its price objective reduced by National Bank Financial from C$3.75 to C$3.50 in a report released on Monday, BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

Separately, BMO Capital Markets boosted their price target on Argonaut Gold from C$3.25 to C$4.00 in a research note on Wednesday, September 11th.

TSE:AR traded down C$0.01 during trading hours on Monday, reaching C$1.75. 191,023 shares of the company traded hands, compared to its average volume of 430,307. The business’s 50-day moving average price is C$2.06 and its two-hundred day moving average price is C$2.07. The stock has a market capitalization of $319.48 million and a P/E ratio of -29.17. Argonaut Gold has a 1 year low of C$1.18 and a 1 year high of C$2.87. The company has a current ratio of 2.91, a quick ratio of 1.24 and a debt-to-equity ratio of 2.23.

About Argonaut Gold

Argonaut Gold Inc engages in the exploration, mine development, and production activities in North America. The company primarily explores for gold and silver deposits. Its primary assets include the El Castillo mine located in the State of Durango, Mexico; and the San Agustin project located in the State of Durango, Mexico.

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