Arizona Mining Gets a Buy Rating from RBC Capital

By Austin Angelo

The Materials sector company, Arizona Mining (TSX: AZ), has received a rating update from a Wall Street analyst today. Analyst Stephen Walker from RBC Capital rated Arizona Mining (TSX: AZ) a Buy, setting a C$4 price target.

According to TipRanks.com, Walker is a 3-star analyst with an average return of 1.1% and a 47.3% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Novagold Resources Inc New.

Currently, the analyst consensus on Arizona Mining is Strong Buy and the average price target is C$4.06, representing a 50.9% upside.

In a report issued on June 20, BMO Capital also reiterated a Buy rating on the stock with a C$4 price target.

The company has a one year high of C$3.49 and a one year low of C$1.33. Currently, Arizona Mining has an average volume of 475.3K.

Arizona Mining, Inc. mines for silver, zinc and lead. It focuses on the exploration and development of its 100% owned Hermosa Project located in Santa Cruz County, Arizona. The Company’s other project on the Hermosa property is the Central Deposit, a silver-manganese manto oxide development project. Arizona Mining was founded on January 20, 1975 and is headquartered in Vancouver, Canada.

The company’s shares closed on Tuesday at $2.69.