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

Arizona Metals (CVE:AMC) had its price target reduced by equities research analysts at National Bankshares from C$4.00 to C$3.75 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential downside of 6.02% from the stock’s previous close.

Separately, BMO Capital Markets reduced 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 report on Monday, December 23rd.

Arizona Metals Stock Performance

Shares of 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 company has a market capitalization of C$446.17 million and a PE ratio of -16.49. The company’s 50 day moving average price is C$3.99 and its 200 day moving average price 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.