Argonaut Gold Inc (TSE:AR) to Post FY2021 Earnings of $0.56 Per Share, National Bank Financial Forecasts

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Argonaut Gold Inc (TSE:AR) – Analysts at National Bank Financial increased their FY2021 earnings estimates for shares of Argonaut Gold in a research report issued to clients and investors on Wednesday, August 7th. National Bank Financial analyst J. Sclodnick now anticipates that the mining company will earn $0.56 per share for the year, up from their previous forecast of $0.49. National Bank Financial currently has a “Outperform” rating and a $3.90 target price on the stock.

Separately, Canaccord Genuity set a C$3.00 price objective on Argonaut Gold and gave the stock a “buy” rating in a research report on Tuesday, April 23rd.

AR traded up C$0.04 during trading hours on Friday, reaching C$2.52. The company’s stock had a trading volume of 206,381 shares, compared to its average volume of 412,898. Argonaut Gold has a 52 week low of C$1.18 and a 52 week high of C$2.87. The company’s 50-day simple moving average is C$2.13. The company has a current ratio of 3.26, a quick ratio of 1.41 and a debt-to-equity ratio of 2.27. The firm has a market cap of $477.57 million and a price-to-earnings ratio of -27.78.

Argonaut Gold Company Profile

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.

Further Reading: Outstanding Shares and The Effect on Share Price

Earnings History and Estimates for Argonaut Gold (TSE:AR)

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