Argonaut Gold Inc (TSE:AR)’s share price rose 4.7% during mid-day trading on Friday after Canaccord Genuity raised their price target on the stock from C$3.25 to C$3.50. The stock traded as high as C$2.46 and last traded at C$2.45. Approximately 582,710 shares changed hands during trading, a decline of 2% from the average daily volume of 593,927 shares. The stock had previously closed at C$2.34.

Several other research firms have also recently issued reports on AR. Scotiabank initiated coverage on Argonaut Gold in a research report on Friday, June 2nd. They set an “outperform” rating and a C$3.50 target price on the stock. Laurentian Bank of Canada reiterated a “hold” rating and set a C$2.50 target price on shares of Argonaut Gold in a research report on Thursday, September 14th. Finally, Laurentian set a C$2.50 target price on Argonaut Gold and gave the stock a “hold” rating in a research report on Thursday, September 14th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of C$3.32.

The firm has a 50 day moving average price of $2.55 and a 200-day moving average price of $2.29. The stock has a market cap of $433.46 million and a price-to-earnings ratio of 21.12.

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About Argonaut Gold

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