The stock of Arizona Mining Inc (TSE:AZ) hit a new 52-week high and has $3.29 target or 35.00% above today’s $2.44 share price. The 7 months bullish chart indicates low risk for the $576.07 million company. The 1-year high was reported on Sep, 13 by Barchart.com. If the $3.29 price target is reached, the company will be worth $201.62 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 628,707 shares traded hands or 4.84% up from the average. Arizona Mining Inc (TSE:AZ) has risen 534.21% since February 5, 2016 and is uptrending. It has outperformed by 517.72% the S&P500.
Out of 2 analysts covering Arizona Mining Inc (TSE:AZ), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $3.50 is the highest target while $2 is the lowest. The $2.75 average target is 12.70% above today’s ($2.44) stock price. Arizona Mining Inc has been the topic of 4 analyst reports since May 16, 2016 according to StockzIntelligence Inc.
Arizona Mining Inc., formerly AZ Mining Inc., is a Canada junior resource company. The company has a market cap of $576.07 million. The Firm is engaged in the acquisition, exploration and if warranted, development of natural mineral resource properties. It currently has negative earnings. It operates through mineral exploration and development segment.
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