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Argo Investments Limited ( (AU:ARG) ) has shared an announcement.
Argo Investments Limited has released its estimated pre-tax net tangible asset (NTA) backing per share and share price as of Friday’s market close, noting that these figures are unaudited and approximate. The announcement highlights the company’s strong financial position and long-term investment strategy, which may reassure stakeholders of its stability and potential for sustained dividends. This update reflects Argo’s commitment to transparency and may influence investor confidence positively.
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, established in 1946 and based in Adelaide, is one of Australia’s oldest and largest listed investment companies. It is among the top 100 companies on the ASX and manages over $8 billion for approximately 90,000 shareholders. The company is known for its diversified, low-cost, and internally managed investment approach, offering fully-franked sustainable dividends and maintaining a strong balance sheet with no debt.
YTD Price Performance: 7.60%
Average Trading Volume: 295,742
Technical Sentiment Signal: Buy
For an in-depth examination of ARG stock, go to TipRanks’ Overview page.