Argonaut Gold (TSE:AR) Price Target Raised to C$3.00 at National Bank Financial

Argonaut Gold (TSE:AR) had its target price hoisted by National Bank Financial from C$2.75 to C$3.00 in a report issued on Wednesday morning, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the mining company’s stock.

Separately, Canaccord Genuity cut their price target on Argonaut Gold from C$3.25 to C$2.50 in a report on Tuesday, February 25th.

Shares of TSE:AR traded down C$0.03 during midday trading on Wednesday, hitting C$1.07. The company had a trading volume of 830,276 shares, compared to its average volume of 885,288. Argonaut Gold has a twelve month low of C$0.76 and a twelve month high of C$2.87. The company has a debt-to-equity ratio of 2.04, a current ratio of 2.92 and a quick ratio of 1.49. The stock has a market cap of $198.00 million and a price-to-earnings ratio of -2.05. The business’s 50-day simple moving average is C$1.35 and its 200-day simple moving average is C$1.82.

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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