Argonaut Gold Inc. Forecasted to Post Q4 2023 Earnings of $0.01 Per Share (TSE:AR)

Argonaut Gold Inc. (TSE:AR) – Analysts at Cormark dropped their Q4 2023 earnings estimates for Argonaut Gold in a research report issued on Wednesday, November 15th. Cormark analyst R. Gray now anticipates that the mining company will post earnings per share of $0.01 for the quarter, down from their previous estimate of $0.03. The consensus estimate for Argonaut Gold’s current full-year earnings is $0.01 per share. Cormark also issued estimates for Argonaut Gold’s FY2024 earnings at $0.07 EPS.

Separately, Desjardins cut shares of Argonaut Gold from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$0.90 to C$0.60 in a research report on Wednesday.

Argonaut Gold Stock Performance

TSE:AR opened at C$0.40 on Friday. The company’s 50-day moving average price is C$0.53 and its 200-day moving average price is C$0.57. The company has a current ratio of 1.36, a quick ratio of 0.82 and a debt-to-equity ratio of 38.42. The company has a market cap of C$341.46 million, a P/E ratio of -0.84 and a beta of 1.49. Argonaut Gold has a twelve month low of C$0.34 and a twelve month high of C$0.77.

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.