Aztec Minerals (CVE:AZT) Stock Jumps 2.9% – Should You Buy?

Aztec Minerals Corp. (CVE:AZT)’s share price traded up 2.9% during mid-day trading on Friday. The stock traded as high as C$0.36 and last traded at C$0.36. 259,500 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 263,685 shares. The stock had previously closed at C$0.35.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus set a C$0.61 target price on shares of Aztec Minerals and gave the company a “speculative buy” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and a consensus target price of C$0.61.

Aztec Minerals Stock Up 2.9%

The company has a debt-to-equity ratio of 1.71, a current ratio of 2.83 and a quick ratio of 5.32. The firm’s 50 day moving average price is C$0.36 and its two-hundred day moving average price is C$0.30. The firm has a market cap of C$68.30 million, a price-to-earnings ratio of -36.00 and a beta of 1.82.

About Aztec Minerals

Aztec Minerals Corp. acquires, explores for, and evaluates mineral resources in Canada, Mexico, and the United States. The company primarily explores for gold, copper, silver, lead, and zinc deposits. It holds interest in the Cervantes porphyry gold-copper property covering an area of 3,650 hectares located in Sonora, Mexico. Aztec Minerals Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.