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FRC's Proprietary Fair Value Model is a premium feature built on Fundamental Research Corp's institutional-grade valuation methodology. This institutional-grade model combines fundamental analysis, financial modeling, and market metrics to determine a stock's intrinsic value. The model analyzes financial statements, earnings quality, growth rates, profitability ratios, and comparative valuations to calculate data-driven fair value estimates that professional investors trust for investment decisions. Available to premium subscribers.

What is Argo Gold Inc. stock price today?

Argo Gold Inc. (ARQ.CN) is currently trading at $0.115 CAD on CNQ. Get real-time price updates, Snowflake performance analysis, and comprehensive financial statements. Premium subscribers can access fair value analysis using FRC's proprietary valuation model.

What does Argo Gold Inc. do?

Argo Gold Inc. operates in the Gold sector within Basic Materials. Argo Gold Inc. is an early-stage company focused on the discovery and advancement of mineral resources in northwestern Ontario. The firm primarily explores for valuable deposits of gold, silver, cobal...

How do I analyze Argo Gold Inc. stock performance?

Our Snowflake Analysis provides a visual snapshot of Argo Gold Inc. performance across 5 key metrics: Past Performance, Revenue Growth, Profitability, Value, and Financial Health. Each metric is scored 1-5, with 5 being excellent performance. This multi-dimensional view helps investors quickly assess stock quality and compare performance against peers.

Where can I find Argo Gold Inc. financial statements?

Access Argo Gold Inc. complete financial statements including income statement, balance sheet, and cash flow statement in our comprehensive stock profile. Our platform provides detailed financial ratios, trend analysis, and institutional-grade financial analysis used by professional investors.

What makes FRC's stock analysis different from other platforms?

FRC applies its proprietary valuation model to public stock analysis, so fair value estimates rest on a rigorous, data-driven methodology rather than a consensus average. Our analysis includes real-time pricing, Snowflake performance metrics, comprehensive financial modeling, and research reports from professional analysts - providing institutional-grade insights for individual investors.

About Argo Gold Inc.

Industry

Gold

Sector

Basic Materials

CEO

Judith E. Baker

Headquarters

Industry

Gold

Sector

Basic Materials

CEO

Judith E. Baker

Headquarters

Description

Argo Gold Inc., a development stage company, focuses on the exploration and development of mineral properties in northwestern Ontario. The company explores for gold, silver, cobalt, and zinc deposits. Its flagship project is the 100% owned Uchi gold project covering 22 square kilometers located to the west of Uchi Lake in the Birch-Uchi Greenstone Belt, Ontario; and the 100% owned Talbot Lake gold project covering 760 hectares located in the Uchi geological sub-province. The company was formerly known as Arbitrage Exploration Inc. and changed its name to Argo Gold Inc. in September 2016. Argo Gold Inc. was incorporated in 1995 and is based in Toronto, Canada.

Argo Gold Inc.

FRC Coverage

ARQ.CN•CNQ

Argo Gold Inc.

FRC Coverage

ARQ.CN•CNQ

Sentiment

Your view on ARQ.CN

Sentiment

Your view

Company Overview

Overview

What the company does, where it operates, and who runs it.

*Argo Gold Inc. has paid FRC a fee for research coverage and distribution of reports.

About Argo Gold Inc.

Industry: Gold
Sector: Basic Materials
CEO: Judith E. Baker
Headquarters: CA

Industry: Gold
Sector: Basic Materials
CEO: Judith E. Baker
Headquarters: CA

Description

FRC Research

Buy

Fair Value Estimate

CAD$0.34

Triple Play Opportunity: Gold, Oil, and Uranium – Initiating Coverage

Report · Feb 28, 2026

FRC Research

Buy

Fair Value Estimate

CAD$0.34

Triple Play Opportunity: Gold, Oil, and Uranium – Initiating Coverage

Report · Feb 28, 2026

FRC Research

Research Reports

FRC analyst coverage and recommendations.

Research Reports

1 report

*Argo Gold Inc. has paid FRC a fee for research coverage and distribution of reports.

Feb 28, 2026

Triple Play Opportunity: Gold, Oil, and Uranium – Initiating Coverage

Argo Gold Inc. has been profitable since 2024, driven by oil production. This report highlights undervalued assets and exploration potential.

Past Reports

Historical coverage archive.

Analyst Notes

Ongoing commentary and updates from FRC analysts.

7 notes

*Argo Gold Inc. has paid FRC a fee for research coverage and distribution of reports.

Aug 17, 2026·YesterdayLatest

Company Announcement

Producing Oil Asset Supports Cash Flow

FRC Analyst's Comment

In June 2026, Argo produced 2,159 bbls of oil (72 bpd), 5% below its YTD average. Monthly revenue was $181K, 9% below the YTD average, while operating cash flows were $117K, 7% below the YTD average. Monthly fluctuations in production and cash flow are normal in the oil production business, particularly when no new wells are brought online. Despite the softer monthly results, operations remain profitable, with the company generating $0.76M in YTD operating cash flows, and continuing to fully fund exploration and corporate expenses through cash flow from its Sparkly project, avoiding shareholder dilution.

Argo also offers exposure to gold, oil, and uranium, with mining investor Eric Sprott owning a 16% stake. Its producing oil asset carries an independent valuation of $15M vs a MCAP of just $9M, and an enterprise value of $10M. We believe the market is not fully recognizing the value of the producing oil asset, while assigning little to no value to its gold and uranium exploration assets.

Aug 17, 2026YesterdayLatest

Jul 20, 2026·4 weeks ago

Company Announcement

Producing Oil Asset Remains Deeply Undervalued

FRC Analyst's Comment

In May 2026, Argo produced 2,514 bbls of oil (81 bpd; YTD average: 76 bpd), up 7% MoM, generating $274k in revenue (YTD monthly average: $204k), up 8% MoM. Since commencing production at its Sparky oil project in 2023, the company has remained profitable since 2024, with operating cash flow fully funding exploration and corporate costs, eliminating the need for shareholder dilution.

Argo offers exposure to gold, oil, and uranium, with mining investor Eric Sprott owning a 16% stake. Its producing oil asset carries an independent valuation of $15M vs a MCAP of just $6M, and an enterprise value of $7M. We believe the market is not fully recognizing the value of the producing oil asset, while assigning little to no value to its gold and uranium exploration assets.

Jul 20, 20264 weeks ago

Jun 15, 2026·2 months ago

Company Announcement

Production Results Reinforce Valuation Disconnect

FRC Analyst's Comment

In April 2026, Argo produced 2,290 barrels of oil, averaging 76 bpd (YTD monthly average: 75 bpd), and generated $253k in revenue (YTD monthly average: $186k), up 2% MoM. Since 2023, the company has generated revenue from its Sparky oil project in Alberta, and has remained profitable since 2024. Importantly, cash flow from oil operations has funded all exploration and corporate costs, eliminating the need for shareholder dilution.

Argo offers rare exposure to three commodities: gold, oil, and uranium. Notably, mining investor Eric Sprott owns a 16% stake. The company's producing oil asset is independently valued at $15M vs a MCAP of just $6M, and an enterprise value of $7M. We believe this suggests the market is not fully recognizing the value of the producing oil asset, and is assigning little to no value to its gold and uranium assets.

Jun 15, 20262 months ago

Media

Infographics, videos, and posts covering the company.

Financial Data

Stock Data

Price chart, volume, and trading data.

Fair Value

What FRC thinks the stock is worth vs. the current price.

FRC's fair value estimate for Argo Gold Inc., and the rating behind it. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.

Financial Ratios

Profitability, returns, valuation, and leverage ratios.

Valuation, profitability, liquidity and leverage ratios for Argo Gold Inc.. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.

Dividend Analysis

Yield, payout ratio, and dividend coverage metrics.

Dividend history, yield and payout sustainability for Argo Gold Inc.. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.

Earnings Analysis

EPS history, beat rate, and upcoming earnings reports.

Reported vs. expected earnings history for Argo Gold Inc.. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.

Financial Statements

Income statement, balance sheet, and cash flow statements.

Income statement, balance sheet and cash flow history for Argo Gold Inc.. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.

Peer Comparison

Comparables

List of peer companies in the same industry.

Argo Gold Inc. valued side by side against its closest peers. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.

Ownership & News

Institutional Ownership

Which funds and firms own the stock.

Which institutions hold Argo Gold Inc., and how their positions are changing. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings.

Insider Trading

Recent buying and selling by company executives.

Buying and selling by Argo Gold Inc. executives and directors. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned.

Senate Trading

U.S. Senator disclosures filed under the STOCK Act.

U.S. Senate disclosures naming Argo Gold Inc.. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely.

House Trading

U.S. Representative disclosures filed under the STOCK Act.

U.S. House of Representatives disclosures naming Argo Gold Inc.. Representatives' reported transactions in this security, shown next to the company's fundamentals.

News

Latest headlines and market coverage.

Latest headlines and company announcements for Argo Gold Inc.. Press releases and market coverage, newest first.

News

Latest Market News