Argonaut Gold (TSE:AR) Reaches New 52-Week Low After Analyst Downgrade

Shares of Argonaut Gold Inc (TSE:AR) hit a new 52-week low during mid-day trading on Thursday after National Bank Financial lowered their price target on the stock from C$3.00 to C$2.75. National Bank Financial currently has an outperform rating on the stock. Argonaut Gold traded as low as C$1.35 and last traded at C$1.39, with a volume of 944537 shares trading hands. The stock had previously closed at C$1.49.

Separately, Canaccord Genuity lowered their price objective on shares of Argonaut Gold from C$3.25 to C$2.50 in a research report on Tuesday.

The firm has a market capitalization of $268.20 million and a price-to-earnings ratio of -73.16. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.01 and a quick ratio of 1.24. The firm’s 50-day simple moving average is C$1.69 and its 200 day simple moving average is C$2.01.

Argonaut Gold Company Profile (TSE:AR)

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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