Arizona Metals (CVE:AMC) Downgraded to “Hold” Rating by Stifel Nicolaus

Arizona Metals (CVE:AMC) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,BayStreet.CA reports. They presently have a C$1.50 price target on the stock. Stifel Nicolaus’ price target indicates a potential downside of 62.41% from the stock’s previous close.

Separately, National Bank Financial lowered shares of Arizona Metals from an “outperform” rating to a “sector perform” rating in a research note on Friday. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Arizona Metals has an average rating of “Hold” and an average price target of C$1.63.

Arizona Metals Stock Performance

Shares of Arizona Metals stock traded up C$0.12 during trading on Monday, reaching C$3.99. The company had a trading volume of 56,916 shares, compared to its average volume of 186,441. The company has a market cap of C$446.17 million and a price-to-earnings ratio of -16.49. The firm’s fifty day moving average is C$3.99 and its 200-day moving average is C$3.99. Arizona Metals has a fifty-two week low of C$3.42 and a fifty-two week high of C$6.98.

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.