Arizona Mining Receives a New Rating from Top Analyst

By Carrie Williams

Arizona Mining (TSX: AZ), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Fraser Phillips from RBC Capital remains bullish on the stock and has a C$4 price target.

According to TipRanks.com, Phillips is a top 100 analyst with an average return of 61.7% and a 58.3% success rate. Phillips covers the Basic Materials sector, focusing on stocks such as Stillwater Mining Company, Teck Resources Limited, and Freeport-McMoRan.

Arizona Mining has an analyst consensus of Strong Buy, with a price target consensus of C$4.

Arizona Mining’s market cap is currently C$584.2M and has a P/E ratio of 0.

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 last Tuesday at $2.33.