Arizona Mining (AZ) Trading 4.8% Higher

Arizona Mining Inc (TSE:AZ) shares traded up 4.8% during mid-day trading on Tuesday . The stock traded as high as C$4.37 and last traded at C$4.34. 216,085 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 498,059 shares. The stock had previously closed at C$4.14.

Several analysts recently commented on the company. Raymond James Financial upped their target price on Arizona Mining from C$4.50 to C$5.25 and gave the company an “outperform” rating in a report on Thursday, January 18th. Scotiabank upped their target price on Arizona Mining from C$4.50 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Royal Bank of Canada upped their target price on Arizona Mining from C$5.00 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. TD Securities upped their target price on Arizona Mining from C$4.25 to C$5.50 and gave the company a “speculative buy” rating in a report on Wednesday, January 17th. Finally, National Bank Financial upped their target price on Arizona Mining from C$4.75 to C$5.75 and gave the company an “outperform” rating in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$5.54.

The company has a market cap of $1,360.00, a price-to-earnings ratio of -218.50 and a beta of 1.60.

Arizona Mining (TSE:AZ) last posted its quarterly earnings results on Tuesday, November 14th. The company reported C($0.01) earnings per share (EPS) for the quarter.

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About Arizona Mining

Arizona Mining Inc, formerly AZ Mining Inc, is a Canada-based junior resource company. The Company is engaged in the acquisition, exploration and if warranted, development of natural mineral resource properties. It operates through mineral exploration and development segment. It is focused on the exploration and development of Hermosa Property.

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