Argonaut Gold (TSE:AR) Reaches New 1-Year Low at $0.45

Argonaut Gold Inc. (TSE:ARGet 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.

Argonaut Gold (TSE:ARGet Rating) last posted its earnings results on Wednesday, May 11th. The mining company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.01). The firm had revenue of C$134.02 million for the quarter. On average, equities research analysts expect that Argonaut Gold Inc. will post 0.2924445 earnings per share for the current fiscal year.

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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