On June 24, an analyst has provided a rating update for Argonaut Gold (AR). Analyst Carey MacRury from Canaccord Genuity reiterated a Buy rating, with a C$3.50 price target on June 24.
According to TipRanks.com, MacRury is a 5-star analyst with an average return of 9.3% and a 67.7% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and Barrick Gold Corporation.
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Argonaut Gold has an analyst consensus of Moderate Buy, with a price target consensus of C$3.
Argonaut Gold’s market cap is currently C$322.5M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.39.
Argonaut Gold, Inc. engages in the exploration, mine development, and production activities on gold-bearing properties. The company assets are the production stage El Castillo mine and construction stage San Agustin project in Durango, Mexico and the production stage La Colorada mine in Sonora, Mexico.
The company’s shares closed on Tuesday at C$1.81.
