Echelon Wealth Partners Maintains a Buy Rating on Argonaut Gold (ARNGF)
Echelon Wealth Partners analyst Gabriel Gonzalez CFA maintained a Buy rating on Argonaut Gold (ARNGF) on September 14 and set a price target of C$5.00. The company’s shares closed last Tuesday at $2.22.
CFA has an average return of 4.7% when recommending Argonaut Gold.
According to TipRanks.com, CFA is ranked #1565 out of 6942 analysts.
Argonaut Gold has an analyst consensus of Strong Buy, with a price target consensus of $3.21, a 42.3% upside from current levels. In a report issued on September 2, Scotiabank also maintained a Buy rating on the stock with a C$3.50 price target.
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Based on Argonaut Gold’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $66.55 million and GAAP net loss of $9.53 million. In comparison, last year the company earned revenue of $55.99 million and had a net profit of $5.44 million.
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Argonaut Gold, Inc. engages in the exploration, mine development, and production activities on gold-bearing properties. The company portfolio of gold operations include the El Castillo mine and San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, and the La Colorada mine in Sonora, Mexico. The company was founded on April 3, 2007 and is headquartered in Reno, NV.