Scotiabank Reaffirms Outperform Rating for AZ Mining Inc (AZ)
AZ Mining Inc (TSE:AZ)‘s stock had its “outperform” rating reissued by research analysts at Scotiabank in a research note issued to investors on Thursday. They presently have a C$3.50 price objective on the stock. Scotiabank’s target price would indicate a potential upside of 38.34% from the company’s current price.
Several other brokerages have also issued reports on AZ. TD Securities reissued a “speculative buy” rating and issued a C$3.75 price target on shares of AZ Mining in a research note on Friday, September 30th. Raymond James Financial Inc. restated an “outperform” rating and set a C$3.50 price objective on shares of AZ Mining in a report on Monday, September 26th. National Bank Financial boosted their price objective on AZ Mining from C$2.90 to C$3.30 in a report on Wednesday, September 14th. Royal Bank Of Canada restated an “outperform” rating on shares of AZ Mining in a report on Tuesday, September 6th. Finally, RBC Capital Markets boosted their price objective on AZ Mining from C$2.00 to C$3.00 in a report on Monday, July 25th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$3.34.
AZ Mining (TSE:AZ) traded up 1.58% during midday trading on Thursday, hitting $2.57. The stock had a trading volume of 1,001,151 shares. AZ Mining has a 1-year low of $0.26 and a 1-year high of $2.71. The stock’s market capitalization is $599.21 million. The stock’s 50-day moving average is $2.30 and its 200-day moving average is $1.64.
AZ Mining Company Profile
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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