BMO Capital Markets Cuts Arizona Metals (CVE:AMC) Price Target to C$6.00

Arizona Metals (CVE:AMC) had its price objective reduced by stock analysts at BMO Capital Markets from C$6.50 to C$6.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 50.38% from the company’s current price.

Arizona Metals Stock Up 3.1 %

CVE:AMC opened at C$3.99 on Monday. Arizona Metals has a 52 week low of C$3.42 and a 52 week high of C$6.98. The stock’s fifty day moving average is C$3.99 and its two-hundred day moving average is C$3.99. The stock has a market capitalization of C$446.17 million and a price-to-earnings ratio of -16.49.

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.