Argonaut Gold (TSE:AR) Share Price Crosses Above Two Hundred Day Moving Average of $0.39

Argonaut Gold Inc. (TSE:AR) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.39 and traded as high as C$0.45. Argonaut Gold shares last traded at C$0.44, with a volume of 977,432 shares.

Analyst Ratings Changes

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

Argonaut Gold Trading Up 2.3 %

The company has a quick ratio of 0.82, a current ratio of 0.61 and a debt-to-equity ratio of 53.95. The company has a market cap of C$558.80 million, a P/E ratio of -1.22 and a beta of 1.72. The firm’s 50 day moving average is C$0.43 and its two-hundred day moving average is C$0.39.

Argonaut Gold (TSE:AR) last issued its quarterly earnings data on Wednesday, May 15th. The mining company reported C($0.04) earnings per share for the quarter. Argonaut Gold had a negative return on equity of 41.34% and a negative net margin of 83.99%. The business had revenue of C$46.84 million during the quarter. As a group, equities research analysts anticipate that Argonaut Gold Inc. will post 0.0134902 EPS for the current year.

Argonaut Gold Company Profile

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.