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Argo Gold Inc (ARBTF) fair value: what the stock is really worth

As of Sep 25, 2026: fair value of Argo Gold Inc $0.03, price $0.08, upside -59.4%, quality 24 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Basic Materials · US

AG Argo Gold Inc logo Thin data Sep 24, 2026

Argo Gold Inc

ARBTF · US

Weakest SetupStrongly overvalued and low quality.

!Fair value $0.0324 · Strongly overvalued (−59.4%)
!Quality 24/100
!Weak Growth (revenue YoY −32.3 %/yr)
!Loss-making · -60.6% net margin (TTM)
!negative free cash flow
!Trails peers (1/9)
!Narrow moat 8/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$0.1387 $0.0360 Fair Value $0.0324 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range $0.0360 – $0.1387 · fair‑value band $0.0324 – $0.0403 · the $0.0798 price screens above the $0.0324 fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Argo Gold Inc. engages in the acquisition, exploration, development, and production of mineral properties in Canada. It explores for gold, silver, nickel, copper, platinum group metals, cobalt, lead, zinc, and uranium deposits. The company has a mineral exploration permit for the Uchi Gold Project located 90 kilometres east of Red Lake, Ontario.

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Argo Gold Inc. engages in the acquisition, exploration, development, and production of mineral properties in Canada. It explores for gold, silver, nickel, copper, platinum group metals, cobalt, lead, zinc, and uranium deposits. The company has a mineral exploration permit for the Uchi Gold Project located 90 kilometres east of Red Lake, Ontario. 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.

Stock analysis

Argo Gold Inc (ARBTF) currently trades at $0.0798, while our model-based Fair Value estimate is $0.0324, 59.4% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: $0.0324 (bear) to $0.0403 (bull), the price of $0.0798 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 24/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is weak, negative or inconsistent.

Argo Gold Inc reported revenue of C$1.5M in FY2025 versus C$0 in FY2021. Reported net income was −C$920K in FY2025.

Key figures

Market cap $5.8M · P/S ratio 3.03 · EPS (TTM) $−0.0100 · Net margin −60.6% · Return on equity −96.7% · Return on assets (EBIT) −31.2% · Operating margin −416% · Revenue (TTM) C$1.5M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).

What moves the price

The share trades about 19% below its 52-week high and 102% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −59%, ARBTF screens richer than that median.

Fair Value models

Bear $0.0324 Fair Value $0.0324 Bull $0.0403
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
EV/EBITDA $0.0300 $0.0400 $0.0400 64
All 1 models by family
Multiples
EV/EBITDA $0.0300 $0.0400 $0.0400 64

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Quality Score breakdown

Overall quality 24/100

Of which business quality 25 · Market factors (momentum, volatility) 71

Profitability 16
Margins and returns on capital today
Quality Growth 9
Are margins and returns improving?
Cashflow 15
Earnings quality: real cash, not paper profit
Fin. Strength 9
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 77
Price trend over the last 3–12 months (market factor)
52W Momentum 84
Distance to the 52-week high (market factor)
Net Issuance 75
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 0/100
Revenue growth is weak, negative or inconsistent.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

ARBTF screens overvalued: fair value 59% below the price. Compare with Newmont Corporation →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Gold · 233 stocks

Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 25 · Bottom 25%
Fair Value upside −59.4% · Below median
Profitability
Return on assets −10.2% · Bottom 25%
Net margin (TTM) −60.6% · Bottom 25%
Growth and dividend
Revenue growth −62.8% · Bottom 25%

Valuation Multiplesvs Gold median · lower = cheaper

P/B 13.30× · Priciest 25%
P/S (TTM) 3.79× · Cheaper than median
EV/EBITDA 12.6× · Priciest 25%

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Gold stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Newmont Corporation NEM $121.43 $133.57 +10%
Zijin Mining Group 601899 ¥30.01 ¥44.45 +48%
Agnico Eagle Mines Limited AEM $194.48 $219.71 +13%
Wheaton Precious Metals Corp WPM $142.92 $87.78 −39%
Franco-Nevada Corporation FNV $245.81 $270.39 +10%
AngloGold Ashanti plc AU $99.03 $88.60 −11%
Kinross Gold Corporation KGC $25.05 $51.30 +105%
Royal Gold, Inc RGLD $252.49 $277.74 +10%
Shandong Gold Mining Co 600547 ¥29.07 ¥23.61 −19%
Pan American Silver Corp PAAS $48.04 $59.13 +23%

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Argo Gold Inc · Fair Value
$0.0324 −59%Fair Value
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Cite: Fair Value Calculator (2026). "Argo Gold Inc Fair Value". https://www.fairvalue-calculator.com/stock/ARBTF

Frequently asked questions

Is Argo Gold Inc (ARBTF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $0.0324 versus a price of $0.0798, about −59% upside (overvalued).
What is the fair value of ARBTF?
Our model-based fair value for Argo Gold Inc is $0.0324 (as of Sep 24, 2026), built from audited fundamentals. The current price: $0.0798.
What is the quality score of ARBTF?
Argo Gold Inc has a Quality Score of 24/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Argo Gold Inc (ARBTF)?
Our model-based price target is the fair value of $0.0324 (as of Sep 24, 2026) from 1 valuation models. Cautious scenario $0.0324, optimistic scenario $0.0403. It is a calculation from audited fundamentals, not an analyst target.
What is the Argo Gold Inc stock forecast for 2026?
Our models put fair value at $0.0324, about −59% upside versus a price of $0.0798 (overvalued). Cautious scenario $0.0324, optimistic scenario $0.0403. The calculation is refreshed regularly with new filings.
What is the revenue of Argo Gold Inc (ARBTF)?
Argo Gold Inc reported trailing-twelve-month revenue of about C$1.5M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Argo Gold Inc (ARBTF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Argo Gold Inc it is $0.0324 per share (as of Sep 24, 2026), against a price of $0.0798. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Argo Gold Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ARBTF trades above its calculated fair value: price $0.0798, fair value $0.0324, a gap of about −59% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ARBTF?
No. The price is what the market pays today ($0.0798); the fair value is what the company's own numbers justify ($0.0324). For Argo Gold Inc the two are $0.0474 per share apart. That gap is exactly why we show both numbers side by side.
How much is Argo Gold Inc worth?
The market values Argo Gold Inc at about $5.8M (market capitalisation, as of Sep 24, 2026). Per share that is $0.0798; our models calculate a fair value of $0.0324 per share.
What do the bullish and bearish scenarios say about ARBTF?
Our models span a range for Argo Gold Inc: cautious scenario $0.0324, base $0.0324, optimistic $0.0403 per share (as of Sep 24, 2026, price $0.0798). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Argo Gold Inc (ARBTF)?
Balance-sheet figures for Argo Gold Inc (as of Sep 24, 2026): return on equity −96.7%. They feed the Quality Score of 24/100, which measures business quality independently of the share price.
How far is ARBTF from its 52-week high?
Argo Gold Inc trades at $0.0798, about 19% below its 52-week high of $0.0985 and 102% above the low of $0.0395 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $0.0324 is for.
Which stocks are comparable to Argo Gold Inc?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Argo Gold Inc stock attractive at the current price?
The data as of Sep 24, 2026: price $0.0798, calculated fair value $0.0324 (−59%), Quality Score 24/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ARBTF calculated?
We run Argo Gold Inc through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.0324, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Argo Gold Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Argo Gold Inc (ARBTF)?
The closing price on Sep 25, 2026 was $0.0798. Our model-based fair value is $0.0324, about −59% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Argo Gold Inc right now?
The price sits above even our optimistic bull case ($0.0403). The favourable scenario is already priced in. Weak quality (24/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Argo Gold Inc

How large is the market capitalisation of Argo Gold Inc (ARBTF)?
The market capitalisation of Argo Gold Inc is $5.8M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Argo Gold Inc (ARBTF)?
The price-to-sales ratio of Argo Gold Inc is 3.03 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Argo Gold Inc (ARBTF)?
Earnings per share at Argo Gold Inc are $−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Argo Gold Inc (ARBTF)?
The net margin of Argo Gold Inc is −60.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Argo Gold Inc (ARBTF)?
The return on equity (ROE) of Argo Gold Inc is −96.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Argo Gold Inc (ARBTF)?
On an EBIT basis the return on assets of Argo Gold Inc is −31.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Argo Gold Inc (ARBTF)?
The operating margin of Argo Gold Inc is −416% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Argo Gold Inc (ARBTF)?
Revenue at Argo Gold Inc is growing −62.8% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Argo Gold Inc (ARBTF)?
Earnings per share at Argo Gold Inc are growing −71.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Argo Gold Inc (ARBTF) generate?
The free cash flow of Argo Gold Inc is −C$30.0K (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Argo Gold Inc (ARBTF) carry?
The net debt of Argo Gold Inc is C$979K (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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