Scotiabank Reiterates “Outperform” Rating for AZ Mining Inc (AZ)
AZ Mining Inc (TSE:AZ)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Scotiabank in a research note issued to investors on Thursday. They currently have a C$3.50 price objective on the stock. Scotiabank’s price target indicates a potential upside of 37.80% from the stock’s current price.
Several other research firms also recently commented on AZ. RBC Capital Markets boosted their target price on shares of AZ Mining from C$2.00 to C$3.00 in a research report on Monday, July 25th. National Bank Financial boosted their target price on shares of AZ Mining from C$2.70 to C$2.90 in a research report on Monday, July 18th. Royal Bank Of Canada reissued an “outperform” rating on shares of AZ Mining in a research report on Tuesday, September 6th. Raymond James Financial Inc. reissued an “outperform” rating and set a C$3.50 target price on shares of AZ Mining in a research report on Monday, September 26th. Finally, TD Securities reissued a “speculative buy” rating and set a C$3.75 target price on shares of AZ Mining in a research report on Friday, September 30th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of C$3.34.
AZ Mining (TSE:AZ) opened at 2.54 on Thursday. The stock’s 50 day moving average is $2.33 and its 200 day moving average is $1.66. AZ Mining has a one year low of $0.26 and a one year high of $2.71. The company’s market capitalization is $592.22 million.
About AZ 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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