Arizona Mining Inc (AZ) Given Average Rating of “Buy” by Brokerages
Arizona Mining Inc (TSE:AZ) has been given an average rating of “Buy” by the ten research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$4.14.
A number of research firms recently commented on AZ. Scotiabank decreased their target price on Arizona Mining from C$5.00 to C$4.50 and set an “outperform” rating for the company in a report on Monday, May 15th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$4.00 target price on shares of Arizona Mining in a report on Tuesday, May 2nd. National Bank Financial lifted their target price on Arizona Mining from C$3.75 to C$4.25 in a report on Friday, July 14th. DZ Bank AG reaffirmed a “buy” rating on shares of Arizona Mining in a report on Monday, May 15th. Finally, TD Securities reaffirmed a “speculative buy” rating and set a C$3.75 target price on shares of Arizona Mining in a report on Tuesday, April 18th.
Shares of Arizona Mining (TSE AZ) opened at 3.27 on Tuesday. The stock’s 50 day moving average is $2.80 and its 200 day moving average is $2.51. The stock’s market cap is $819.68 million. Arizona Mining has a 52-week low of $1.58 and a 52-week high of $3.49.
About Arizona Mining
Arizona Mining Inc acquires, explores for, and develops metal properties in the United States and Canada. It explores for zinc, lead, silver, manganese manto oxide, copper, and gold deposits. The company holds 100% interest in the Hermosa property, which includes 24 patented mining claims totaling an area of approximately 453 acres; and 1,104 unpatented claims covering an area of approximately 19,015 acres located to the southeast of Tucson, Arizona.
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