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Argonaut Gold Inc. (OTCMKT:ARNGF) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Argonaut Gold Inc. (OTCMKT:ARNGF) seasonal charts above shows that a Buy Date of December 16 and a Sell Date of March 25 has resulted in a geometric average return of 17.99% above the benchmark rate of the S&P 500 Total Return Index over the past 7 years. This seasonal timeframe has shown positive results compared to the benchmark in 5 of those periods. This is a good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 7 years by an average of 51.13% per year.

The seasonal timeframe correlates Fairly Well with the period of seasonal strength for the Materials sector, which runs from November 20 to May 5. The seasonal chart for the broad sector is available via the following link: Materials Sector Seasonal Chart.

A word of caution: Only 7 years of data is available for shares of ARNGF, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.

Argonaut Gold Inc is a Canadian gold company engaged in the exploration, mine development and production activities in North America. The company operates in the mining industry and its principal product is gold. It operates various projects namely El Castillo, La Colorada and San Antonio which are located in Mexico and Magino project located in the region of Canada. The group’s revenue is generated from the sale of product originating from Mexico.

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