01:13 PM EST, 12/23/2024 (MT Newswires) -- BMO has resumed coverage of Arizona Metals(AZMCF) following a period of restriction owing to the company's bought deal financing.
"In our view, a financing announcement did not come as much of a surprise; however, the timing was earlier than expected, and at a share price lower than our prior assumption," writes analyst Rene Cartier.
Cartier has trimmed the target to $6, from $6.50. Maintain Outperform.
Price: 1.72, Change: +0.07, Percent Change: +3.94