BMO Capital Markets Cuts Arizona Metals (CVE:AMC) Price Target to C$6.00

Arizona Metals (CVE:AMC) had its price target dropped by research analysts 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’ target price suggests a potential upside of 50.38% from the company’s previous close.

Arizona Metals Price Performance

AMC stock traded up C$0.12 during trading hours on Monday, reaching C$3.99. The stock had a trading volume of 56,916 shares, compared to its average volume of 186,441. The stock 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 fifty-two week low of C$3.42 and a fifty-two week high of C$6.98. The stock has a market capitalization of C$446.17 million and a PE ratio of -16.49.

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.