| 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 ($4.02).
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on T.AR at http://www.zacks.com/ap/T.AR
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Keywords: Argonaut Gold, Earnings Report
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Argonaut Gold Inc.
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PRODUCER |
CODE : AR.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Argonaut Gold is a gold producing company based in Canada. Argonaut Gold holds various exploration projects in Mexico. Its main assets in production are EL SASTRE GOLD MINE, EL SASTRE, EL SASTRE - EL ARENAL, EL SASTRE BRIDGE ZONE and EL SASTRE - LUPITA ZONE in Guatemala and EL CASTILLO in Mexico and its main exploration property is SAN ANTIONIO in Mexico. Argonaut Gold is listed in Canada. Its market capitalisation is CA$ 92.0 millions as of today (US$ 67.3 millions, € 62.7 millions). Its stock quote reached its highest recent level on January 25, 2013 at CA$ 9.99, and its lowest recent point on March 01, 2024 at CA$ 0.22. Argonaut Gold has 176 940 000 shares outstanding. |