Canyon Copper Corp’s (NYSE:CNC) “Buy” Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald restated their buy rating on shares of Canyon Copper Corp (NYSE:CNC) in a research note issued to investors on Tuesday, October 24th. They currently have a $107.00 target price on the stock. Cantor Fitzgerald also issued estimates for Canyon Copper Corp’s FY2017 earnings at $5.00 EPS.

Other research analysts have also issued research reports about the stock. Bank of America Corporation boosted their target price on shares of Canyon Copper Corp from $93.00 to $95.00 and gave the stock a buy rating in a research report on Friday, July 14th. ValuEngine raised shares of Canyon Copper Corp from a hold rating to a buy rating in a research report on Thursday, July 27th. Zacks Investment Research lowered shares of Canyon Copper Corp from a buy rating to a hold rating in a research report on Friday, August 4th. BMO Capital Markets assumed coverage on shares of Canyon Copper Corp in a research note on Tuesday, October 17th. They issued an outperform rating and a $120.00 target price on the stock. Finally, BidaskClub cut shares of Canyon Copper Corp from a buy rating to a hold rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Canyon Copper Corp currently has an average rating of Buy and an average target price of C$97.53.

Canyon Copper Corp (NYSE CNC) opened at C$93.68 on Tuesday. Canyon Copper Corp has a 52-week low of C$50.33 and a 52-week high of C$98.71.

Canyon Copper Corp (NYSE:CNC) last posted its quarterly earnings results on Tuesday, October 24th. The company reported C$1.35 EPS for the quarter, beating the consensus estimate of C$1.24 by C$0.11. The business had revenue of C$11.90 billion for the quarter, compared to analysts’ expectations of C$11.75 billion. Canyon Copper Corp had a net margin of 1.69% and a return on equity of 12.63%. Canyon Copper Corp’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 EPS.

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In other news, Director Robert K. Ditmore sold 4,167 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of C$90.42, for a total transaction of C$376,780.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC raised its stake in Canyon Copper Corp by 86.7% in the 1st quarter. FMR LLC now owns 600,743 shares of the company’s stock worth $42,809,000 after purchasing an additional 279,056 shares in the last quarter. Teachers Advisors LLC raised its stake in Canyon Copper Corp by 24.6% in the 1st quarter. Teachers Advisors LLC now owns 570,023 shares of the company’s stock worth $40,620,000 after purchasing an additional 112,439 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Canyon Copper Corp by 38.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,340 shares of the company’s stock worth $1,163,000 after purchasing an additional 4,518 shares in the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in Canyon Copper Corp in the 1st quarter worth about $404,000. Finally, Marshall Wace North America L.P. acquired a new stake in Canyon Copper Corp in the 1st quarter worth about $404,000.

About Canyon Copper Corp

Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children’s Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.

Analyst Recommendations for Canyon Copper Corp (NYSE:CNC)

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