Arizona Mining Inc (AZ) Rating Reiterated by Scotiabank
Arizona Mining Inc (TSE:AZ)‘s stock had its “outperform” rating reaffirmed by Scotiabank in a research note issued on Wednesday. They presently have a C$5.00 target price on the stock. Scotiabank’s price objective points to a potential upside of 130.41% from the stock’s previous close.
A number of other equities analysts also recently issued reports on the stock. TD Securities reaffirmed a “speculative buy” rating and set a C$3.75 price objective on shares of Arizona Mining in a report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a C$4.00 price target on shares of Arizona Mining in a report on Tuesday, April 11th. National Bank Financial cut their price target on shares of Arizona Mining from C$4.50 to C$3.75 in a report on Tuesday, April 4th. Deutsche Bank AG reissued a “buy” rating on shares of Arizona Mining in a report on Monday, April 3rd. Finally, Canaccord Genuity reissued a “speculative buy” rating and issued a C$4.00 price target on shares of Arizona Mining in a report on Friday, March 10th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$4.11.
Shares of Arizona Mining (TSE:AZ) opened at 2.17 on Wednesday. Arizona Mining has a 52 week low of $0.96 and a 52 week high of $3.49. The company’s market cap is $541.78 million. The firm has a 50-day moving average of $2.24 and a 200 day moving average of $2.71.
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In related news, Director Robert Wares purchased 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 5th. The shares were bought at an average cost of C$2.23 per share, with a total value of C$111,500.00. Insiders purchased a total of 99,400 shares of company stock worth $202,577 over the last three months.
About Arizona Mining
Arizona Mining Inc, formerly AZ Mining Inc, is a Canada-based junior resource company. The Company is engaged in the acquisition, exploration and if warranted, development of natural mineral resource properties. It operates through mineral exploration and development segment. It is focused on the exploration and development of Hermosa Property.
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