Scotiabank restated their outperform rating on shares of Argonaut Gold Inc (TSE:AR) in a research note published on Thursday morning. They currently have a C$3.50 price objective on the mining company’s stock.

A number of other brokerages also recently commented on AR. Royal Bank of Canada reissued a sector perform rating and issued a C$4.50 price objective on shares of Argonaut Gold in a research report on Monday, November 21st. Cormark started coverage on shares of Argonaut Gold in a research report on Tuesday, December 13th. They issued a buy rating on the stock. Finally, Desjardins dropped their price objective on shares of Argonaut Gold from C$3.60 to C$3.30 in a research report on Wednesday, December 21st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of C$3.94.

Shares of Argonaut Gold (TSE:AR) opened at 2.39 on Thursday. The firm’s market capitalization is $378.73 million. Argonaut Gold has a 1-year low of $1.48 and a 1-year high of $4.45. The stock’s 50 day moving average is $2.39 and its 200 day moving average is $2.70.

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Argonaut Gold Company Profile

Argonaut Gold Inc is engaged in gold mining, mine development and mineral exploration activities at gold-bearing mineral properties in North America. The Company’s segments are El Castillo, La Colorada, San Antonio, Magino, and Corporate and other. It owns the producing El Castillo mine in the State of Durango, Mexico; the producing La Colorada mine in the State of Sonora, Mexico; the advanced exploration-stage San Antonio property in the State of Baja California Sur, Mexico; the advanced exploration-stage Magino property in the Province of Ontario, Canada; the advanced exploration-stage San Agustin property located approximately 10 kilometers from the El Castillo mine in the State of Durango, Mexico, and various other exploration stage projects, all of which are located in North America.

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