Stifel Nicolaus Has Lowered Expectations for Arizona Metals (CVE:AMC) Stock Price

Arizona Metals (CVE:AMC) had its price target decreased by Stifel Nicolaus from C$6.00 to C$2.50 in a research report released on Thursday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Separately, BMO Capital Markets reduced their price target on Arizona Metals from C$2.75 to C$2.00 in a report on Wednesday.

Arizona Metals Stock Up 3.1%

Shares of AMC opened at C$3.99 on Thursday. The stock has a market cap of C$446.17 million and a PE ratio of -16.49. Arizona Metals has a 12-month low of C$3.42 and a 12-month high of C$6.98. The business has a 50-day simple moving average of C$3.99 and a two-hundred day simple moving average of C$3.99.

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.