Argonaut Gold (TSE:AR) Shares Cross Above 200-Day Moving Average of $0.40

Shares of Argonaut Gold Inc. (TSE:AR) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.40 and traded as high as C$0.42. Argonaut Gold shares last traded at C$0.40, with a volume of 2,573,420 shares trading hands.

Analyst Upgrades and Downgrades

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

Argonaut Gold Price Performance

The business has a 50 day moving average price of C$0.34 and a two-hundred day moving average price of C$0.40. The stock has a market cap of C$436 million, a PE ratio of 8.00 and a beta of 1.52. The company has a debt-to-equity ratio of 33.48, a quick ratio of 0.82 and a current ratio of 1.32.

Argonaut Gold (TSE:AR) last announced its earnings results on Wednesday, March 6th. The mining company reported C($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.02). Argonaut Gold had a return on equity of 4.24% and a net margin of 10.27%. The business had revenue of C$157.36 million during the quarter. Research analysts expect that Argonaut Gold Inc. will post 0.0134902 earnings per share for the current fiscal year.

About Argonaut Gold

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.