National Bankshares Issues Pessimistic Forecast for Arizona Metals (CVE:AMC) Stock Price

Arizona Metals (CVE:AMC) had its price target lowered by National Bankshares from C$4.00 to C$3.75 in a research note published on Monday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Separately, BMO Capital Markets lowered their target price on Arizona Metals from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research note on Monday, December 23rd.

Arizona Metals Trading Up 3.1 %

CVE AMC opened at C$3.99 on Monday. The company’s fifty day simple moving average is C$3.99 and its 200-day simple moving average is C$3.99. The stock has a market cap of C$446.17 million and a P/E ratio of -16.49. Arizona Metals has a 52 week low of C$3.42 and a 52 week 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.