Argonaut Gold (AR) Hits New 1-Year Low at $1.59

Argonaut Gold Inc (TSE:AR) shares reached a new 52-week low on Wednesday . The company traded as low as C$1.59 and last traded at C$1.61, with a volume of 220156 shares. The stock had previously closed at C$1.66.

Separately, Canaccord Genuity reduced their price target on Argonaut Gold from C$5.75 to C$5.25 in a research note on Tuesday, July 24th.

Argonaut Gold (TSE:AR) last released its quarterly earnings results on Thursday, August 9th. The mining company reported C$0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.03 by C$0.02. The business had revenue of C$64.75 million during the quarter. Argonaut Gold had a return on equity of 3.30% and a net margin of 13.15%.

Argonaut Gold Company Profile (TSE:AR)

Argonaut Gold Inc engages in the exploration, mine development, and production activities in North America. The company primarily explores for gold and silver deposits. Its primary assets include the El Castillo mine located in the State of Durango, Mexico; the La Colorada mine situated in the State of Sonora, Mexico; and the San Agustin project located in the State of Durango, Mexico.

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