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.

Wall Street Analysts Forecast Growth

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

Argonaut Gold Price Performance

The company has a 50 day moving average price of C$0.34 and a 200 day moving average price of C$0.40. The company has a market capitalization of C$436 million, a price-to-earnings ratio of 8.00 and a beta of 1.52. The company has a current ratio of 1.32, a quick ratio of 0.82 and a debt-to-equity ratio of 33.48.

Argonaut Gold (TSE:AR) last released its earnings results on Wednesday, March 6th. The mining company reported C($0.03) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.02). The firm had revenue of C$157.36 million during the quarter. Argonaut Gold had a net margin of 10.27% and a return on equity of 4.24%. As a group, equities research analysts forecast that Argonaut Gold Inc. will post 0.0134902 earnings per share for the current 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.