Argonaut Gold Inc. (TSE:AR – Get Rating)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as C$0.45 and last traded at C$0.46, with a volume of 1275696 shares changing hands. The stock had previously closed at C$0.48.
AR has been the topic of several recent research reports. Canaccord Genuity Group raised shares of Argonaut Gold to a “hold” rating and set a C$1.32 price target on the stock in a report on Monday, May 23rd. Laurentian lowered their price target on shares of Argonaut Gold from C$3.65 to C$3.25 in a report on Thursday, March 3rd. Laurentian Bank of Canada lowered their price target on shares of Argonaut Gold to C$3.25 in a report on Thursday, March 3rd. Finally, BMO Capital Markets lowered their target price on shares of Argonaut Gold from C$4.25 to C$3.25 in a research note on Monday, March 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$3.29.
The firm’s 50 day moving average price is C$1.37 and its 200-day moving average price is C$2.01. The company has a debt-to-equity ratio of 22.79, a quick ratio of 1.14 and a current ratio of 1.84. The firm has a market capitalization of C$149.74 million and a PE ratio of 46.00.
In related news, Director Daniel Arthur Symons sold 56,883 shares of the company’s stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of C$1.22, for a total transaction of C$69,397.26. Following the completion of the transaction, the director now owns 239,235 shares in the company, valued at approximately C$291,866.70.
About Argonaut Gold (TSE:AR)
Argonaut Gold Inc is a Canadian company engaged in gold mining, mine development, and mineral exploration activities at gold-bearing mineral properties in North America. Its primary assets include the El Castillo and San Agustin mines, which together form the El Castillo Complex located in Durango, Mexico; the La Colorada mine located in Sonora, Mexico; the Florida Canyon mine in Nevada, the United States; and the Cerro del Gallo project in Guanajuato, Mexico.
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