BMO Capital Markets Has Lowered Expectations for Arizona Metals (CVE:AMC) Stock Price

Arizona Metals (CVE:AMC) had its price objective decreased by equities researchers at BMO Capital Markets from C$6.50 to C$6.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 50.38% from the company’s previous close.

Arizona Metals Price Performance

Shares of CVE AMC opened at C$3.99 on Monday. The company has a market capitalization of C$446.17 million and a P/E ratio of -16.49. The company has a 50 day simple moving average of C$3.99 and a 200-day simple moving average of C$3.99. Arizona Metals has a 1 year low of C$3.42 and a 1 year high of C$6.98.

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.