National Bankshares Has Lowered Expectations for Arizona Metals (CVE:AMC) Stock Price

Arizona Metals (CVE:AMC) had its target price dropped by equities researchers at National Bankshares from C$4.00 to C$3.75 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential downside of 6.02% from the stock’s previous close.

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

Arizona Metals Trading Up 3.1 %

CVE:AMC opened at C$3.99 on Tuesday. The firm has a market capitalization of C$446.17 million and a price-to-earnings ratio of -16.49. Arizona Metals has a 1-year low of C$3.42 and a 1-year high of C$6.98. The business’s 50-day moving average price is C$3.99 and its two-hundred 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.