Argonaut Gold (TSE:AR) Given New C$2.75 Price Target at National Bank Financial

Argonaut Gold (TSE:AR) had its price target dropped by National Bank Financial from C$3.00 to C$2.75 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. National Bank Financial’s target price points to a potential upside of 97.84% from the company’s previous close. National Bank Financial also issued estimates for Argonaut Gold’s FY2020 earnings at $0.25 EPS.

Separately, Canaccord Genuity decreased their target price on Argonaut Gold from C$3.25 to C$2.50 in a report on Tuesday.

Shares of TSE AR opened at C$1.39 on Wednesday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.24 and a current ratio of 3.01. The company has a market cap of $268.20 million and a PE ratio of -73.16. The business has a 50-day simple moving average of C$1.69 and a two-hundred day simple moving average of C$2.01. Argonaut Gold has a fifty-two week low of C$1.35 and a fifty-two week high of C$2.87.

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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