Arizona Mining (AZ) Shares Up 4.8%

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

A number of brokerages recently weighed in on AZ. Scotiabank lifted their price objective on shares of Arizona Mining from C$4.50 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Raymond James Financial boosted their price target on shares of Arizona Mining from C$4.50 to C$5.25 and gave the company an “outperform” rating in a report on Thursday, January 18th. TD Securities boosted their price target on shares of 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. National Bank Financial boosted their price target on shares of Arizona Mining from C$4.75 to C$5.75 and gave the company an “outperform” rating in a report on Wednesday, January 17th. Finally, Royal Bank of Canada boosted their price target on shares of Arizona Mining from C$5.00 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Arizona Mining has a consensus rating of “Buy” and a consensus target price of C$5.54.

The stock has a market cap of $1,360.00, a price-to-earnings ratio of -217.00 and a beta of 1.60.

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

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Arizona Mining Company Profile

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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