Argonaut Gold Inc to Post Q3 2018 Earnings of ($0.01) Per Share, Cormark Forecasts (TSE:AR)

Argonaut Gold Inc (TSE:AR) – Cormark dropped their Q3 2018 earnings per share (EPS) estimates for Argonaut Gold in a note issued to investors on Tuesday, October 16th, according to Zacks Investment Research. Cormark analyst R. Gray now forecasts that the mining company will post earnings per share of ($0.01) for the quarter, down from their previous forecast of $0.01.

Separately, Canaccord Genuity dropped their price target on Argonaut Gold from C$5.25 to C$4.00 in a research note on Thursday, October 18th.

AR traded up C$0.02 during trading on Wednesday, hitting C$1.34. 278,400 shares of the company’s stock traded hands, compared to its average volume of 355,111. The company has a current ratio of 4.82, a quick ratio of 1.62 and a debt-to-equity ratio of 1.26. Argonaut Gold has a 12-month low of C$1.24 and a 12-month high of C$2.87.

Argonaut Gold (TSE:AR) last issued its earnings results on Thursday, August 9th. The mining company reported C$0.05 EPS for the quarter, beating the consensus estimate of C$0.03 by C$0.02. The business had revenue of C$64.75 million for the quarter.

About Argonaut Gold

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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