Argonaut Gold (TSE:AR) Shares Down 3.8%

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Shares of Argonaut Gold Inc (TSE:AR) dropped 3.8% during mid-day trading on Monday . The stock traded as low as C$1.75 and last traded at C$1.76. Approximately 118,774 shares traded hands during trading, a decline of 65% from the average daily volume of 337,071 shares. The stock had previously closed at C$1.83.

Several analysts recently weighed in on AR shares. Laurentian reduced their target price on shares of Argonaut Gold from C$2.75 to C$2.50 in a report on Thursday, February 21st. Canaccord Genuity set a C$3.00 target price on shares of Argonaut Gold and gave the company a “buy” rating in a report on Tuesday, April 23rd.

The business’s fifty day moving average is C$1.67. The stock has a market capitalization of $326.10 million and a PE ratio of -19.56. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.41 and a current ratio of 3.26.

Argonaut Gold (TSE:AR) last issued its earnings results on Wednesday, May 1st. The mining company reported C$0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.07 by C($0.06). The company had revenue of C$98.28 million for the quarter. Equities research analysts predict that Argonaut Gold Inc will post 0.28 EPS for the current fiscal year.

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About Argonaut Gold (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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