Scotiabank Reaffirms Outperform Rating for AZ Mining Inc (AZ)

AZ Mining Inc (TSE:AZ)‘s stock had its “outperform” rating restated by investment analysts at Scotiabank in a report issued on Thursday, reports. They currently have a C$3.50 price target on the stock. Scotiabank’s price target would suggest a potential upside of 38.34% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Raymond James Financial Inc. reiterated an “outperform” rating and issued a C$3.50 price objective on shares of AZ Mining in a report on Monday, September 26th. Royal Bank Of Canada reiterated an “outperform” rating on shares of AZ Mining in a report on Tuesday, September 6th. RBC Capital Markets increased their price objective on AZ Mining from C$2.00 to C$3.00 in a report on Monday, July 25th. TD Securities reiterated a “speculative buy” rating and issued a C$3.75 price objective on shares of AZ Mining in a report on Friday, September 30th. Finally, National Bank Financial increased their price objective on AZ Mining from C$2.70 to C$2.90 in a report on Monday, July 18th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. AZ Mining currently has a consensus rating of “Buy” and an average price target of C$3.34.

Shares of AZ Mining (TSE:AZ) traded up 1.58% during midday trading on Thursday, reaching $2.57. The company had a trading volume of 1,001,151 shares. The company has a 50-day moving average price of $2.30 and a 200 day moving average price of $1.64. The company’s market capitalization is $599.21 million. AZ Mining has a one year low of $0.26 and a one year high of $2.71.

AZ 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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