Copper Mountain Mining Co.. (TSE:CMMC) had its price objective cut by National Bank Financial from C$1.40 to C$1.25 in a research note issued to investors on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
A number of other equities research analysts have also recently issued reports on the stock. BMO Capital Markets reissued an outperform rating and set a C$1.30 target price on shares of Copper Mountain Mining Co.. in a report on Friday, July 5th. Haywood Securities cut shares of Copper Mountain Mining Co.. from a buy rating to a hold rating and lowered their target price for the company from C$1.50 to C$1.00 in a report on Tuesday, July 23rd. Cormark lowered their target price on shares of Copper Mountain Mining Co.. from C$1.85 to C$1.75 in a report on Tuesday, July 23rd. Finally, TD Securities lowered their target price on shares of Copper Mountain Mining Co.. from C$1.60 to C$1.30 in a report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Copper Mountain Mining Co.. presently has a consensus rating of Buy and a consensus price target of C$1.39.
Shares of CMMC stock opened at C$0.76 on Thursday. The company’s fifty day simple moving average is C$0.71 and its two-hundred day simple moving average is C$0.87. The company has a debt-to-equity ratio of 101.65, a current ratio of 0.56 and a quick ratio of 0.32. Copper Mountain Mining Co.. has a 1 year low of C$0.65 and a 1 year high of C$1.23. The stock has a market capitalization of $143.06 million and a price-to-earnings ratio of -24.52.
Copper Mountain Mining Corporation operates as a mining company in Canada. The company explores for copper, gold, and silver deposits. It primarily holds 75% interest in the Copper Mountain mine that comprise 135 crown granted mineral claims, 156 located mineral claims, 14 mining leases, and 12 fee simple properties covering an area of 6,702.1 hectares located to the south of Princeton, British Columbia.
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