Argonaut Gold (ARNGF) Receives a Buy from Echelon Wealth Partners

In a report issued on October 15, Gabriel Gonzalez CFA from Echelon Wealth Partners maintained a Buy rating on Argonaut Gold (ARNGFResearch Report), with a price target of C$5.00. The company’s shares closed last Friday at $2.04.

According to TipRanks.com, CFA is ranked #2271 out of 7019 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Argonaut Gold with a $3.29 average price target, which is a 68.7% upside from current levels. In a report issued on October 13, Scotiabank also maintained a Buy rating on the stock with a C$4.25 price target.

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Based on Argonaut Gold’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $57.96 million and GAAP net loss of $7.7 million. In comparison, last year the company earned revenue of $55.99 million and had a net profit of $5.44 million.

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Argonaut Gold, Inc. engages in the exploration, mine development, and production activities on gold-bearing properties. The company portfolio of gold operations include the El Castillo mine and San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, and the La Colorada mine in Sonora, Mexico. The company was founded on April 3, 2007 and is headquartered in Reno, NV.