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Argo GoldARBTF +4.88% Debt-to-Equity is 2.56 as of Dec. 2025, which is 167% above its 10-year median of 0.96. The stock has 3 warning signs investors should review. Among 1,222 Metals & Mining companies, Argo Gold ranks worse than 96.56% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Argo Gold's Debt-to-Equity or its related term are showing as below:
ARBTF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.96 Max: 2.56
Current: 2.56
During the past 13 years, the highest Debt-to-Equity Ratio of Argo Gold was 2.56. The lowest was 0.12. And the median was 0.96.
ARBTF's Debt-to-Equity is ranked worse than 96.56% of 1222
companies
in the Metals & Mining industry
Industry Median: 0.145
vs ARBTF: 2.56
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Argo Gold Debt-to-Equity Related Terms
Argo Gold Debt-to-Equity Historical Data
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The historical data trend for Argo Gold's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Gold subindustry, Argo Gold's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Argo Gold Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Argo Gold's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Argo Gold's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Argo Gold (ARBTF) has a Debt-to-Equity of 2.56 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Argo Gold and its competitors. This is 167% above median its historical median of 0.96. Over the past decade, Argo Gold's Debt-to-Equity has ranged from 0.12 to 2.56. According to the industry distribution chart, Argo Gold ranks #1180 out of 1222 companies in the Metals & Mining industry, placing it in the top 96.6%.
Is Argo Gold's Debt-to-Equity too high?
Argo Gold's current Debt-to-Equity of 2.56 is 167% above median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 2.56. The Metals & Mining industry median Debt-to-Equity is 0.15. Argo Gold's value of 2.56 is 1665.5% above this industry median. Based on the distribution chart, Argo Gold ranks #1180 out of 1222 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Argo Gold's Debt-to-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Argo Gold ranks #1180 out of 1222 companies for Debt-to-Equity. This places Argo Gold in the lower half of its industry. The industry median Debt-to-Equity is 0.15. Argo Gold's value of 2.56 is 1665.5% above this benchmark. Historically, Argo Gold's own Debt-to-Equity has ranged from 0.12 to 2.56 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 0.15, Argo Gold has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.15, based on 1,222 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Argo Gold's current Debt-to-Equity of 2.56 is 1665.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Argo Gold and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argo Gold's current Debt-to-Equity is 2.56, which is 167% above median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argo Gold stock overvalued right now?
Based on GuruFocus' analysis, Argo Gold (ARBTF) is currently considered Significantly Overvalued. The current Debt-to-Equity is 2.56, which is 167% above median its 10-year median of 0.96 and 1665.5% above the Metals & Mining industry median of 0.15. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Argo Gold (ARBTF), the current Debt-to-Equity is 2.56 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Argo Gold Inc is currently engaged in the acquisition, exploration, and development of mineral properties, and the production, exploration, and development resource properties in Western Canada. Its project includes Oil Production in Alberta includes Mining Projects in Ontario, Strategic Metals Northeast Ontario; Uchi Gold Project includes Woco Zone in the Uchi Gold Project, Raingold Zone at Uchi Lake Gold Project, Northgate Zone Uchi Gold Project, Northwestern Ontario Gold Projects includes Talbot Lake Gold Project, Angela Lake Gold Project; North East Ontario Strategic Minerals includes Hurdman Zinc-Silver Property (Zn-Ag); Saskatchewan Strategic Metals includes North Saskatchewan Mineral Claims, Saskatchewan Uranium Mineral Claims.
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