The Gold Report
Notable Quotes
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Experts Commenting on This Company
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Argonaut Gold Inc.TICKER: AR:TSXArgonaut 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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