Argonaut Gold (AR) Hits New 12-Month Low at $1.76

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Argonaut Gold Inc (TSE:AR) shares reached a new 52-week low during trading on Thursday . The company traded as low as C$1.76 and last traded at C$1.76, with a volume of 138602 shares traded. The stock had previously closed at C$1.81.

Separately, Canaccord Genuity reduced their target price on shares of Argonaut Gold from C$5.75 to C$5.25 in a research report on Tuesday, July 24th.

Argonaut Gold (TSE:AR) last posted its earnings results on Thursday, August 9th. The mining company reported C$0.05 EPS for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.02. The business had revenue of C$64.75 million for the quarter. Argonaut Gold had a net margin of 13.15% and a return on equity of 3.30%.

Argonaut Gold Company Profile (TSE:AR)

Argonaut Gold Inc engages in the exploration, mine development, and production activities in North America. The company primarily explores for gold and silver deposits. Its primary assets include the El Castillo mine located in the State of Durango, Mexico; the La Colorada mine situated in the State of Sonora, Mexico; and the San Agustin project located in the State of Durango, Mexico.

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