Argonaut Gold (OTCMKTS:ARNGF) Given New C$1.50 Price Target at Stifel Nicolaus

Argonaut Gold (OTCMKTS:ARNGFGet Rating) had its price target trimmed by Stifel Nicolaus from C$3.50 to C$1.50 in a research note issued to investors on Tuesday, The Fly reports.

A number of other equities analysts have also weighed in on ARNGF. Desjardins lowered their target price on Argonaut Gold from C$2.50 to C$1.25 in a research report on Thursday, July 7th. BMO Capital Markets assumed coverage on Argonaut Gold in a research report on Thursday, July 7th. They issued an outperform rating for the company. Canaccord Genuity Group raised Argonaut Gold from a sell rating to a hold rating and set a C$1.50 price target for the company in a research report on Monday, May 23rd. Royal Bank of Canada lowered their price target on Argonaut Gold from C$2.75 to C$1.25 in a research report on Wednesday, July 6th. Finally, Scotiabank lowered their price target on Argonaut Gold from C$3.00 to C$1.25 in a research report on Wednesday, July 6th.

Argonaut Gold Price Performance

Shares of OTCMKTS:ARNGF opened at $0.38 on Tuesday. Argonaut Gold has a twelve month low of $0.28 and a twelve month high of $3.23. The stock’s 50 day moving average is $0.56 and its 200-day moving average is $1.34.

Argonaut Gold Company Profile

(Get Rating)

Argonaut Gold Inc is a Canadian company engaged in gold mining, mine development, and mineral exploration activities at gold-bearing mineral properties in North America. Its primary assets include the El Castillo and San Agustin mines, 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; and the Cerro del Gallo project in Guanajuato, Mexico.

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