Arizona Mining Inc (TSE:AZ) shares shot up 5.2% during mid-day trading on Tuesday . The company traded as high as C$2.85 and last traded at C$2.85. 405,959 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 577,411 shares. The stock had previously closed at C$2.71.

A number of brokerages have recently issued reports on AZ. National Bank Financial boosted their price target on shares of Arizona Mining from C$3.75 to C$4.25 in a research report on Friday, July 14th. DZ Bank AG restated a “buy” rating on shares of Arizona Mining in a research report on Monday, May 15th. Scotiabank dropped their price target on shares of Arizona Mining from C$5.00 to C$4.50 and set an “outperform” rating on the stock in a research report on Monday, May 15th. TD Securities boosted their price target on shares of Arizona Mining from C$3.75 to C$4.25 in a research report on Thursday, August 17th. Finally, J P Morgan Chase & Co restated a “buy” rating on shares of Arizona Mining in a research report on Tuesday, May 23rd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$4.21.

The company’s market cap is $860.61 million. The stock’s 50-day moving average price is $3.11 and its 200-day moving average price is $2.53.

In related news, Director Robert Wares sold 50,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was 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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