Scotiabank Maintains Outperform on Argonaut Gold, Lowers Price Target to $0.9
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Ovais Habib maintains an Outperform rating on Argonaut Gold (OTC:ARNGF) but lowers the price target from C$1.2 to C$0.9.
May 25, 2023 | 4:36 pm
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NEUTRAL IMPACT
Scotiabank maintains Outperform rating on Argonaut Gold (OTC:ARNGF) but lowers the price target from C$1.2 to C$0.9.
Scotiabank's lowered price target for Argonaut Gold may cause some short-term uncertainty among investors, but the maintained Outperform rating suggests that the stock is still expected to perform well in the long run. The impact on the stock price in the short term is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100