Argonaut Gold (TSE:AR) Share Price Crosses Above 200-Day Moving Average of $2.00

Argonaut Gold Inc (TSE:AR) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.00 and traded as high as $2.26. Argonaut Gold shares last traded at $2.09, with a volume of 337,580 shares changing hands.

AR has been the subject of a number of research reports. BMO Capital Markets increased their price target on Argonaut Gold from C$3.25 to C$4.00 in a research note on Wednesday, September 11th. National Bank Financial increased their price target on Argonaut Gold from C$3.90 to C$4.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th.

The stock has a fifty day moving average price of C$2.45 and a 200-day moving average price of C$2.00. The company has a market cap of $409.22 million and a PE ratio of -35.00. The company has a debt-to-equity ratio of 2.23, a current ratio of 2.91 and a quick ratio of 1.24.

Argonaut Gold (TSE:AR) last released its earnings results on Wednesday, August 7th. The mining company reported C$0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.03 by C($0.02). The firm had revenue of C$41.86 million during the quarter. On average, equities analysts anticipate that Argonaut Gold Inc will post 0.28 earnings per share for the current year.

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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