Q3 2018 Earnings Forecast for Argonaut Gold Inc (AR) Issued By Cormark

Argonaut Gold Inc (TSE:AR) – Investment analysts at Cormark decreased their Q3 2018 earnings estimates for Argonaut Gold in a report issued on Tuesday, October 16th. Cormark analyst R. Gray now forecasts that the mining company will post earnings of ($0.01) per share for the quarter, down from their previous estimate of $0.01.

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

AR opened at C$1.61 on Wednesday. Argonaut Gold has a 12-month low of C$1.40 and a 12-month high of C$2.87.

Argonaut Gold (TSE:AR) last announced its quarterly 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. Argonaut Gold had a net margin of 13.15% and a return on equity of 3.30%. The firm had revenue of C$64.75 million during the quarter.

Argonaut Gold Company Profile

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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Earnings History and Estimates for Argonaut Gold (TSE:AR)

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