Argonaut Gold Inc. (TSE:AR – Free Report) – Equities researchers at Cormark raised their FY2023 earnings per share estimates for Argonaut Gold in a research note issued on Wednesday, November 15th. Cormark analyst R. Gray now forecasts that the mining company will post earnings per share of $0.03 for the year, up from their previous estimate of $0.01. The consensus estimate for Argonaut Gold’s current full-year earnings is $0.04 per share. Cormark also issued estimates for Argonaut Gold’s FY2025 earnings at $0.11 EPS.
Separately, Desjardins lowered Argonaut Gold from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$0.90 to C$0.60 in a research report on Wednesday, November 15th.
Argonaut Gold Trading Down 5.0 %
Shares of Argonaut Gold stock opened at C$0.38 on Monday. The firm has a market capitalization of C$328.62 million, a price-to-earnings ratio of -0.86 and a beta of 1.49. Argonaut Gold has a fifty-two week low of C$0.34 and a fifty-two week high of C$0.77. The company has a debt-to-equity ratio of 39.20, a quick ratio of 0.82 and a current ratio of 0.96. The stock has a 50 day moving average of C$0.52 and a 200 day moving average of C$0.57.
About Argonaut Gold
Argonaut Gold Inc engages 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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