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

Arizona Metals (CVE:AMC) had its target price reduced by National Bankshares from C$4.00 to C$3.75 in a research report sent to investors on Monday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Separately, BMO Capital Markets dropped their price target on Arizona Metals from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research report on Monday, December 23rd.

Arizona Metals Stock Performance

Shares of CVE:AMC opened at C$3.99 on Monday. The stock’s 50-day moving average is C$3.99 and its 200-day moving average is C$3.99. The company has a market cap of C$446.17 million and a P/E ratio of -16.49. Arizona Metals has a 52-week low of C$3.42 and a 52-week high of C$6.98.

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.