Analysts Set Argonaut Gold Inc. (OTCMKTS:ARNGF) Price Target at $4.75

Shares of Argonaut Gold Inc. (OTCMKTS:ARNGF) have received an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $4.75.

Several equities analysts recently issued reports on the company. Canaccord Genuity reduced their price objective on Argonaut Gold from $4.25 to $4.00 and set a “buy” rating for the company in a report on Tuesday, March 30th. National Bank Financial reaffirmed an “outperform” rating on shares of Argonaut Gold in a report on Monday, January 11th. Finally, Echelon Wealth Partners reissued a “buy” rating on shares of Argonaut Gold in a report on Monday, February 1st.

Shares of OTCMKTS ARNGF traded down $0.04 on Friday, reaching $1.98. 210,695 shares of the company’s stock traded hands, compared to its average volume of 193,371. Argonaut Gold has a 12 month low of $0.71 and a 12 month high of $2.63. The business’s 50 day simple moving average is $1.74 and its two-hundred day simple moving average is $1.92.

About Argonaut Gold

Argonaut Gold Inc engages in the mining, mine development, and mineral exploration activities at gold-bearing mineral properties in North America. The company primarily explores for gold and silver deposits. Its primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo Complex located in Durango, Mexico; the La Colorada mine located in Sonora, Mexico; the Florida Canyon mine in Nevada, the United States; the Magino project located Ontario, Canada; and the Cerro del Gallo project in Guanajuato, Mexico.

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Analyst Recommendations for Argonaut Gold (OTCMKTS:ARNGF)

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