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Argonaut Gold Inc.

TICKER: AR:TSX

Argonaut Gold Corp. is a Canadian gold company engaged in exploration, mine development and production activities. Its primary assets are the production-stage El Castillo mine in Durango, Mexico, the La Colorada mine in Sonora, Mexico, the advanced exploration-stage San Antonio project in Mexico, the recently acquired advanced exploration-stage Magino project in the Ontario, Canada. The company has several other exploration-stage projects, all of which are located in North America.


The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:

Andrew Kaip, BMO Capital Markets (5/14/13) "Argonaut Gold Inc. reported headline Q1/13 net income of US$11.6M. . .after adjusting for stock-based compensation, EPS came in at US$0.08, in line with consensus, but ahead of BMO Research at US$0.05. BMO Research attributes the EPS beat largely to lower operating costs. . .in a strongly inflationary environment, the company continues to tightly control operating costs; it has further opportunity to improve costs over H2/13, having assumed El Castillo mining operations from the contractor in mid-March. . .Argonaut is rated Outperform with a CA$12 target price."

Jordan Roy-Byrne, The Daily Gold (5/11/13) "Argonaut Gold Inc., now at $6.55 and a $975M market cap, is as intriguing as it was in 2011-2012 when it was our top pick. . .because of the warrants and Magino acquisition, the share structure went from roughly 90M to 150M shares. We were cautious with the stock at $9–$10; below $7, this is an incredible long-term value. . .Magino should take the company to an annual rate of 350 Koz Au by the end of 2016—that is 224% production growth in less than four years."

Jordan Roy-Byrne, The Daily Gold (5/3/13) "I prefer producers that already have an asset in production and some cash flow. That derisks the situation. Then I like to look for companies that have potential to be serious growth producers. . .obviously, that means a company like Argonaut Gold Corp."

Christos Doulis, Stonecap Securities (4/22/13) "Our analysis indicates that at $1,400/oz gold, Argonaut Gold Inc. generates free cash flow every year from 2013 to 2015. . .furthermore, the company has a full treasury with ~$190M cash at the end of 2012, and no debt. . .Argonaut is very well positioned to weather a period of low precious metals prices."

Christos Doulis, Stonecap Securities (4/17/13) "We continue to believe that Argonaut Gold Inc. remains on track to make 2013 a pivotal year and that the current share price represents an attractive entry point. We are maintaining our Outperform rating and $10.75 price target."

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