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.

TRADEMARK VIOLATION WARNING: “Argonaut Gold Inc (AR) Stock Price Up 4.7% After Analyst Upgrade” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at

About Argonaut Gold

Receive News & Ratings for Argonaut Gold Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Argonaut Gold Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.