The stock of Arizona Mining Inc (TSE:AZ) reached all time high today, Nov, 9 and still has $3.90 target or 28.00% above today’s $3.05 share price. This indicates more upside for the $785.04M company. This technical setup was reported by Barchart.com. If the $3.90 PT is reached, the company will be worth $219.81M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 419,069 shares traded hands. Arizona Mining Inc (TSE:AZ) has risen 294.87% since April 5, 2016 and is uptrending. It has outperformed by 290.09% the S&P500.
Arizona Mining Inc (TSE:AZ) Ratings Coverage
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 -9.84% below today’s ($3.05) stock price. Arizona Mining Inc has been the topic of 5 analyst reports since May 16, 2016 according to StockzIntelligence Inc. The firm has “Outperform” rating by Scotia Capital given on Friday, July 8. The company was maintained on Friday, August 19 by Scotia Capital. The rating was maintained by Scotia Capital on Tuesday, October 25 with “Outperform”.
Arizona Mining Inc., formerly AZ Mining Inc., is a Canada junior resource company. The company has a market cap of $785.04 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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