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Argo Investments Limited ( (AU:ARG) ) has provided an announcement.
Argo Investments Limited reported an estimated pre-tax net tangible asset (NTA) backing per share of $10.58, with a share price of $9.21 as of Friday’s market close. The company highlights its diversified, low-cost, and internally managed investment approach, supported by a strong balance sheet with no debt, an experienced board and management team, and a commitment to fully-franked, sustainable dividends. This announcement underscores Argo’s long-term, proven investment strategy, which may reassure stakeholders of its stable financial positioning.
The most recent analyst rating on (AU:ARG) stock is a Hold with a A$10.00 price target. To see the full list of analyst forecasts on Argo Investments Limited stock, see the AU:ARG Stock Forecast page.
More about Argo Investments Limited
Argo Investments Limited, one of Australia’s oldest and largest listed investment companies (LICs), was founded in Adelaide in 1946. It is among the ASX’s top 100 companies, managing over $8 billion for approximately 90,000 shareholders.
YTD Price Performance: 6.67%
Average Trading Volume: 304,598
Technical Sentiment Signal: Buy
For an in-depth examination of ARG stock, go to TipRanks’ Overview page.