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

Arizona Metals (CVE:AMC) had its price target dropped 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 firm currently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential downside of 6.02% from the stock’s current price.

Separately, BMO Capital Markets cut their price target 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 Trading Up 3.1 %

Shares of CVE AMC traded up C$0.12 during midday trading on Tuesday, hitting C$3.99. The company’s stock had a trading volume of 56,916 shares, compared to its average volume of 186,441. The business’s 50 day moving average is C$3.99 and its two-hundred day moving average is C$3.99. The firm has a market cap of C$446.17 million and a P/E ratio of -16.49. Arizona Metals has a 12-month low of C$3.42 and a 12-month high of C$6.98.

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.