National Bankshares Cuts Arizona Metals (CVE:AMC) Price Target to C$3.75

Arizona Metals (CVE:AMC) had its price objective reduced by National Bankshares from C$4.00 to C$3.75 in a report released on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, BMO Capital Markets reduced their target price on shares of Arizona Metals from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a report on Monday.

Arizona Metals Price Performance

Shares of CVE:AMC opened at C$3.99 on Tuesday. The firm has a market capitalization of C$446.17 million and a PE ratio of -16.49. Arizona Metals has a 1 year low of C$3.42 and a 1 year high of C$6.98. The firm’s 50-day moving average is C$3.99 and its two-hundred day moving average is C$3.99.

About Arizona Metals

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.