FY2023 EPS Estimates for Argonaut Gold Inc. (TSE:AR) Lowered by Analyst

Argonaut Gold Inc. (TSE:ARFree Report) – Analysts at Cormark lowered their FY2023 earnings estimates for shares of Argonaut Gold in a report released on Friday, November 3rd. Cormark analyst R. Gray now forecasts that the mining company will post earnings per share of $0.01 for the year, down from their prior forecast of $0.04. The consensus estimate for Argonaut Gold’s current full-year earnings is $0.05 per share.

Argonaut Gold Trading Down 1.9 %

Shares of TSE:AR opened at C$0.53 on Monday. The company has a 50 day moving average of C$0.58 and a 200-day moving average of C$0.58. The firm has a market cap of C$458.16 million, a P/E ratio of -1.13 and a beta of 1.48. Argonaut Gold has a twelve month low of C$0.32 and a twelve month high of C$0.77. The company has a current ratio of 1.36, a quick ratio of 0.82 and a debt-to-equity ratio of 38.42.

Argonaut Gold (TSE:ARGet Free Report) last released its earnings results on Friday, August 11th. The mining company reported C$0.01 earnings per share for the quarter, topping the consensus estimate of C($0.02) by C$0.03. Argonaut Gold had a negative net margin of 51.18% and a negative return on equity of 18.84%. The company had revenue of C$111.64 million during the quarter.

Argonaut Gold Company Profile

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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.

Further Reading

Earnings History and Estimates for Argonaut Gold (TSE:AR)

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