Arizona Metals (CVE:AMC) Trading 3.1% Higher – Still a Buy?

Shares of Arizona Metals Corp. (CVE:AMC) rose 3.1% during mid-day trading on Wednesday . The stock traded as high as C$4.05 and last traded at C$3.99. Approximately 56,916 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 186,441 shares. The stock had previously closed at C$3.87.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMC. Stifel Nicolaus cut shares of Arizona Metals from a “buy” rating to a “hold” rating and set a C$1.50 price target on the stock. in a research report on Monday, May 4th. National Bank Financial cut Arizona Metals from an “outperform” rating to a “sector perform” rating in a report on Friday, May 1st. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$1.62.

Arizona Metals Stock Performance

The stock has a market cap of C$446.17 million and a price-to-earnings ratio of -16.49. The company has a 50-day simple moving average of C$3.99 and a two-hundred day simple moving average of C$3.99.

Arizona Metals Company Profile

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. The company was formerly known as Ring The Bell Capital Corp and changed its name to Arizona Metals Corp.