| Argonaut Gold misses 1Q profit forecasts | |
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Toronto (AP) _ Argonaut Gold Inc. (T.AR) on Tuesday reported first-quarter net income of $1.4 million (1.8 million CAD).
The Toronto-based company said it had profit of 1 cent per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The gold mining company posted revenue of $49 million (61.9 million CAD) in the period.
The company's shares closed at $1.53. A year ago, they were trading at $3.18 ($4.02).
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on T.AR at http://www.zacks.com/ap/T.AR
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Keywords: Argonaut Gold, Earnings Report
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Argonaut Gold Inc.
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PRODUCER |
CODE : AR.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Argonaut Gold is a gold producing company based in United states of america. Argonaut Gold holds various exploration projects in Mexico. Its main assets in production are EL SASTRE GOLD MINE, EL SASTRE, EL SASTRE - EL ARENAL, EL SASTRE BRIDGE ZONE and EL SASTRE - LUPITA ZONE in Guatemala and EL CASTILLO in Mexico and its main exploration property is SAN ANTIONIO in Mexico. Argonaut Gold is listed in Canada. Its market capitalisation is CA$ 72.5 millions as of today (US$ 52.7 millions, € 49.4 millions). Its stock quote reached its highest recent level on January 25, 2013 at CA$ 9.99, and its lowest recent point on November 18, 2022 at CA$ 0.33. Argonaut Gold has 176 940 000 shares outstanding. |