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home / news releases / ARNGF - Argonaut Gold: Excessive Selling On Missed Guidance Now Offers A Very Attractive Valuation


ARNGF - Argonaut Gold: Excessive Selling On Missed Guidance Now Offers A Very Attractive Valuation

Investment Thesis

Argonaut Gold (ARNGF) missed the initial production and cost guidance from Q4 2018 and most of the guidance which was revised a couple of times during the year as the below figures illustrates. The stock has consequently been punished, excessively in my view.

Management is rightly questioned when this happens, but the stock price has gone down to levels where I think the downside is very limited for the patient investor.

Figure 1 & 2 - Source: Q4 2018 Presentation & Q3 2019 Presentation

The company produced 186,615 gold equivalent ounces

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Stock Information

Company Name: Argonaut Gold Inc
Stock Symbol: ARNGF
Market: OTC
Website: argonautgold.com

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