BMO Capital Markets Cuts Arizona Metals (CVE:AMC) Price Target to C$6.00

Arizona Metals (CVE:AMC) had its target price decreased by BMO Capital Markets from C$6.50 to C$6.00 in a report published on Monday,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

Arizona Metals Stock Up 3.1 %

Shares of AMC opened at C$3.99 on Monday. The firm’s fifty day moving average is C$3.99 and its two-hundred day moving average is C$3.99. The stock has a market cap of C$446.17 million and a PE 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.