Arizona Mining Inc (AZ) Shares Down 4.6%
Arizona Mining Inc (TSE:AZ) traded down 4.6% on Tuesday . The stock traded as low as C$2.91 and last traded at C$2.91. 193,701 shares traded hands during trading, a decline of 66% from the average session volume of 565,606 shares. The stock had previously closed at C$3.05.
Several equities research analysts recently weighed in on the company. DZ Bank AG restated a “buy” rating on shares of Arizona Mining in a research report on Thursday, June 29th. Scotiabank dropped their target price on Arizona Mining from C$5.00 to C$4.50 and set an “outperform” rating on the stock in a report on Monday, May 15th. National Bank Financial boosted their target price on Arizona Mining from C$3.75 to C$4.25 in a report on Friday, July 14th. TD Securities boosted their target price on Arizona Mining from C$3.75 to C$4.25 in a report on Thursday, August 17th. Finally, J P Morgan Chase & Co reissued a “buy” rating on shares of Arizona Mining in a report on Tuesday, May 23rd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Arizona Mining presently has a consensus rating of “Buy” and a consensus target price of C$4.21.
The company has a 50 day moving average of $3.14 and a 200-day moving average of $2.53. The company’s market cap is $845.51 million.
In other Arizona Mining news, Director Robert Wares sold 50,000 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of C$3.13, for a total value of C$156,500.00.
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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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