Argonaut Gold (TSE:AR) Shares Pass Above 200 Day Moving Average of $0.40

Shares of Argonaut Gold Inc. (TSE:AR) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.40 and traded as high as C$0.42. Argonaut Gold shares last traded at C$0.42, with a volume of 1,572,196 shares.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lowered shares of Argonaut Gold from an “outperform” rating to a “market perform” rating and cut their price objective for the company from C$0.75 to C$0.40 in a report on Thursday, March 28th.

Argonaut Gold Price Performance

The company’s fifty day moving average is C$0.35 and its two-hundred day moving average is C$0.40. The company has a quick ratio of 0.82, a current ratio of 1.32 and a debt-to-equity ratio of 33.48. The firm has a market capitalization of C$527.05 million, a price-to-earnings ratio of 8.30 and a beta of 1.72.

Argonaut Gold (TSE:AR) last posted its earnings results on Wednesday, March 6th. The mining company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.02). The firm had revenue of C$157.36 million during the quarter. Argonaut Gold had a return on equity of 4.24% and a net margin of 10.27%. Equities research analysts anticipate that Argonaut Gold Inc. will post 0.0134902 earnings per share for the current fiscal year.

About Argonaut Gold

Argonaut Gold Inc engages in production and sale of gold, and mine development and exploration businesses in North America. It also explores for silver. The company's flagship property is the 100% owned Magino mine property comprising seven patented mining claims, four leased mining claims, and 69 unpatented mining claims totaling 2,204.495 hectares located in Ontario, Canada.