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

Shares of Aztec Minerals Corp. (CVE:AZT) were up 2.9% on Friday. The stock traded as high as C$0.36 and last traded at C$0.36. 259,500 shares were traded during trading, a decline of 2% from the average daily volume of 263,685 shares. The stock had previously closed at C$0.35.

Analyst Ratings Changes

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

Aztec Minerals Stock Performance

The company has a market capitalization of C$68.30 million, a P/E ratio of -36.00 and a beta of 1.82. The stock’s 50 day moving average price is C$0.36 and its 200 day moving average price is C$0.30. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.32 and a current ratio of 2.83.

Aztec Minerals Company Profile

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.