Shares of Argonaut Gold Inc (TSE:AR) reached a new 52-week high on Tuesday . The company traded as high as C$2.67 and last traded at C$2.61, with a volume of 590533 shares traded. The stock had previously closed at C$2.47.
A number of equities analysts have commented on the stock. National Bank Financial lifted their price objective on shares of Argonaut Gold from C$3.50 to C$3.75 and gave the stock an “outperform” rating in a report on Friday, June 28th. Canaccord Genuity set a C$3.00 price objective on shares of Argonaut Gold and gave the stock a “buy” rating in a report on Tuesday, April 23rd.
The firm has a market capitalization of $440.15 million and a PE ratio of -29.78. The business has a fifty day simple moving average of C$2.10. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.41 and a current ratio of 3.26.
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; and the San Agustin project located in the State of Durango, Mexico.
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