Arizona Metals (CVE:AMC) Price Target Cut to C$3.75 by Analysts at National Bankshares

Arizona Metals (CVE:AMC) had its price target decreased by analysts at National Bankshares from C$4.00 to C$3.75 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential downside of 6.02% from the stock’s current price.

Separately, BMO Capital Markets cut their price objective on Arizona Metals from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research note on Monday.

Arizona Metals Stock Performance

Shares of CVE AMC traded up C$0.12 during midday trading on Tuesday, hitting C$3.99. 56,916 shares of the stock traded hands, compared to its average volume of 186,441. Arizona Metals has a one year low of C$3.42 and a one year high of C$6.98. The firm has a market capitalization of C$446.17 million and a P/E ratio of -16.49. The firm has a 50-day moving average of C$3.99 and a two-hundred day moving average of C$3.99.

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.