Argonaut Gold (OTCMKTS:ARNGF) Price Target Lowered to C$3.00 at Scotiabank

Argonaut Gold (OTCMKTS:ARNGFGet Rating) had its price target reduced by equities research analysts at Scotiabank from C$3.50 to C$3.00 in a report issued on Thursday, The Fly reports.

Separately, Canaccord Genuity Group lowered Argonaut Gold from a “hold” rating to a “sell” rating and cut their price objective for the stock from C$2.75 to C$1.50 in a report on Thursday. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Argonaut Gold presently has an average rating of “Buy” and an average target price of $2.25.

ARNGF stock opened at $0.93 on Thursday. Argonaut Gold has a 1-year low of $0.85 and a 1-year high of $3.23. The business has a fifty day moving average price of $1.85 and a 200-day moving average price of $2.04.

About Argonaut Gold (Get Rating)

Argonaut Gold Inc engages in the mining, mine development, and mineral exploration activities at gold-bearing mineral properties in North America. The company primarily explores for gold and silver deposits. 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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