Aurizon Mines Downgraded by Desjardins to Tender (AZK)
Desjardins lowered shares of Aurizon Mines (NYSE: AZK) from a hold rating to a tender rating in a report released on Wednesday. Desjardins currently has $4.55 target price on the stock, down from their previous target price of $5.50.
Shares of Aurizon Mines (NYSE: AZK) traded down 1.35% during mid-day trading on Wednesday, hitting $4.38. Aurizon Mines has a one year low of $4.19 and a one year high of $4.46. The stock’s 50-day moving average is currently $4.3. The company has a market cap of $720.7 million and a P/E ratio of 22.89.
A number of other analysts have also recently weighed in on AZK. Analysts at BMO Capital Markets reiterated an underperform rating on shares of Aurizon Mines in a research note to investors on Wednesday. They now have a $4.50 price target on the stock, down previously from $4.65. Separately, analysts at Global Hunter Securities downgraded shares of Aurizon Mines from a buy rating to a neutral rating in a research note to investors on Tuesday, March 5th.
One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $4.95.
Aurizon Mines Ltd. (NYSE: AZK) is a Canada-based gold producer with operations and development activities in the Abitibi region of northwestern Quebec.
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