Arizona Metals (CVE:AMC) Price Target Cut to C$6.00 by Analysts at BMO Capital Markets

Arizona Metals (CVE:AMC) had its target price decreased by equities researchers at BMO Capital Markets from C$6.50 to C$6.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 50.38% from the stock’s previous close.

Arizona Metals Trading Up 3.1 %

AMC stock traded up C$0.12 during mid-day trading on Monday, hitting C$3.99. 56,916 shares of the company were exchanged, compared to its average volume of 186,441. Arizona Metals has a 1-year low of C$3.42 and a 1-year high of C$6.98. The business has a 50 day simple moving average of C$3.99 and a 200-day simple moving average of C$3.99. The stock has a market capitalization of C$446.17 million and a PE ratio of -16.49.

Arizona Metals Company Profile

Arizona Metals Corp. operates as a mineral exploration company. The company primarily explores for copper, gold, zinc, and silver deposits. It owns 100% interests in the Kay mine project, which consists of approximately 1,300 acres of patented and BLM claims located in Yavapai County, Arizona; and the Sugarloaf Peak Gold project that comprises 4,400 acres of BLM claims situated in La Paz County, Arizona.