Argonaut Gold Stock Today
| ARNGF Stock | USD 0.30 0.01 3.45% |
Performance3 of 100
| Odds Of DistressOver 54
|
Argonaut Gold is trading at 0.3 as of the 19th of April 2024. This is a 3.45 percent up since the beginning of the trading day. The stock's lowest day price was 0.29. Argonaut Gold has 54 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for Argonaut Gold are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Argonaut Gold Inc. is a Canadian company engaged in gold mining, mine development, and mineral exploration activities at gold-bearing mineral properties in North America. Argonaut Gold Inc. was founded in 2007 and is headquartered in Reno, Nevada. Argonaut Gold operates under Gold classification in the United States and is traded on OTC Exchange.. The company has 837.48 M outstanding shares. More on Argonaut Gold
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Follow Valuation Odds of Bankruptcy
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Argonaut Pink Sheet Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Argonaut Gold's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Argonaut Gold or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and President and Director | Peter Dougherty |
| Thematic Idea | Gold and Gold Mining (View all Themes) |
| Business Concentration | Gold and Gold Mining, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors) |
Argonaut Gold [ARNGF] is a Pink Sheet which is traded between brokers over the counter. The company currently falls under 'Small-Cap' category with a current market capitalization of 373.98 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Argonaut Gold's market, we take the total number of its shares issued and multiply it by Argonaut Gold's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Argonaut Gold classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 837.48 M outstanding shares.
Argonaut Gold has accumulated about 75.91 M in cash with 130.69 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1.
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Ownership AllocationArgonaut Gold retains a total of 837.48 Million outstanding shares. 30% of Argonaut Gold outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
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Argonaut Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of Argonaut Gold jumping above the current price in 90 days from now is about 18.17%. The Argonaut Gold probability density function shows the probability of Argonaut Gold pink sheet to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the pink sheet has a beta coefficient of 2.995. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Argonaut Gold will likely underperform. Additionally, argonaut Gold has an alpha of 0.1279, implying that it can generate a 0.13 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Argonaut Gold to move above the current price in 90 days from now is about 18.17 (This Argonaut Gold probability density function shows the probability of Argonaut Pink Sheet to fall within a particular range of prices over 90 days) .
Argonaut Gold Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Argonaut Gold market risk premium is the additional return an investor will receive from holding Argonaut Gold long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Argonaut Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Argonaut Gold's alpha and beta are two of the key measurements used to evaluate Argonaut Gold's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 3.91 | |||
| Semi Deviation | 6.21 | |||
| Standard Deviation | 7.78 | |||
| Variance | 60.6 |
Argonaut Stock Against Markets
Picking the right benchmark for Argonaut Gold pink sheet is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Argonaut Gold pink sheet price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Argonaut Gold is critical whether you are bullish or bearish towards Argonaut Gold at a given time. Please also check how Argonaut Gold's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Argonaut Gold without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Argonaut Gold Corporate Directors
Argonaut Gold corporate directors refer to members of an Argonaut Gold board of directors. The board of directors generally takes responsibility for the Argonaut Gold's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Argonaut Gold's board members must vote for the resolution. The Argonaut Gold board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| David Watkins | Independent Director | Profile | |
| Ian Atkinson | Independent Director | Profile | |
| Peter Mordaunt | Independent Director | Profile | |
| Audra Walsh | Independent Director | Profile |
How to buy Argonaut Pink Sheet?
Before investing in Argonaut Gold, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Argonaut Gold. To buy Argonaut Gold stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Argonaut Gold. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Argonaut Gold stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Argonaut Gold stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Argonaut Gold stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Argonaut Gold, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
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The danger of trading Argonaut Gold is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Argonaut Gold is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Argonaut Gold. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Argonaut Gold is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argonaut Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Argonaut Gold information on this page should be used as a complementary analysis to other Argonaut Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Argonaut Pink Sheet analysis
When running Argonaut Gold's price analysis, check to measure Argonaut Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Argonaut Gold is operating at the current time. Most of Argonaut Gold's value examination focuses on studying past and present price action to predict the probability of Argonaut Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argonaut Gold's price. Additionally, you may evaluate how the addition of Argonaut Gold to your portfolios can decrease your overall portfolio volatility.
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