Arizona Metals (CVE:AMC) Given New C$3.75 Price Target at National Bankshares

Arizona Metals (CVE:AMC) had its price objective lowered by analysts at National Bankshares from C$4.00 to C$3.75 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential downside of 6.02% from the company’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 note on Monday, December 23rd.

Arizona Metals Trading Up 3.1 %

CVE:AMC opened at C$3.99 on Monday. Arizona Metals has a twelve month low of C$3.42 and a twelve month high of C$6.98. The firm has a market cap of C$446.17 million and a price-to-earnings ratio of -16.49. The company has a 50-day moving average of C$3.99 and a 200-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.