Argonaut Gold (TSE:AR) Shares Pass Above Two Hundred Day Moving Average of $0.39

Shares of Argonaut Gold Inc. (TSE:ARGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.39 and traded as high as C$0.47. Argonaut Gold shares last traded at C$0.47, with a volume of 918,875 shares.

Wall Street Analysts Forecast Growth

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

Read Our Latest Report on Argonaut Gold

Argonaut Gold Trading Up 3.3 %

The company has a fifty day simple moving average of C$0.42 and a 200-day simple moving average of C$0.39. The company has a current ratio of 0.61, a quick ratio of 0.82 and a debt-to-equity ratio of 53.95. The stock has a market cap of C$590.55 million, a price-to-earnings ratio of -1.29 and a beta of 1.72.

Argonaut Gold (TSE:ARGet Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The mining company reported C($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.02). The company had revenue of C$157.36 million for the quarter. Argonaut Gold had a negative return on equity of 41.34% and a negative net margin of 83.99%. On average, research analysts forecast that Argonaut Gold Inc. will post 0.0134902 earnings per share for the current fiscal year.

Argonaut Gold Company Profile

(Get Free Report)

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.

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