AZ Mining Inc (AZ) Rating Reiterated by Scotiabank
AZ Mining Inc (TSE:AZ)‘s stock had its “outperform” rating restated by Scotiabank in a research report issued to clients and investors on Wednesday. They currently have a C$3.50 price objective on the stock. Scotiabank’s price objective points to a potential upside of 30.60% from the stock’s current price.
Several other research firms also recently weighed in on AZ. National Bank Financial initiated coverage on AZ Mining in a research note on Tuesday, June 21st. They issued an “outperform” rating and a C$2.70 price objective for the company. Royal Bank Of Canada raised their price objective on AZ Mining from C$2.00 to C$3.00 in a research note on Tuesday, July 26th. TD Securities reissued a “speculative buy” rating and set a C$3.75 price target on shares of AZ Mining in a research report on Friday, September 30th. Raymond James Financial Inc. reissued an “outperform” rating and set a C$3.50 price target on shares of AZ Mining in a research report on Monday, September 26th. Finally, RBC Capital Markets raised their price target on AZ Mining from C$2.00 to C$3.00 in a research report on Monday, July 25th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of C$3.34.
Shares of AZ Mining (TSE:AZ) traded up 1.90% during trading on Wednesday, hitting $2.68. The stock had a trading volume of 795,286 shares. The stock’s 50 day moving average is $2.36 and its 200-day moving average is $1.69. The company’s market cap is $624.86 million. AZ Mining has a 12-month low of $0.26 and a 12-month high of $2.78.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/12/az-mining-inc-az-rating-reiterated-by-scotiabank.html
About AZ 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.
Receive News & Ratings for AZ Mining Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AZ Mining Inc and related companies with MarketBeat.com's FREE daily email newsletter.