Canaccord analyst Michael Fairbairn upgraded Argonaut Gold to Speculative Buy from Hold with a price target of C$0.65, up from C$0.60. The firm views the post-earnings selloff as an overreaction and sees "multiple reasons to be constructive" on Argonaut as 2023 progresses. The Magino build is nearing completion with first gold expected in May and the funding gap appears to have been filled, the analyst tells investors in a research note.
Published first on TheFly
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