Copper Mountain Mining Co.. (TSE:CMMC) PT Lowered to C$0.40

Copper Mountain Mining Co.. (TSE:CMMC) had its target price lowered by National Bank Financial from C$1.00 to C$0.40 in a research report report published on Monday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other equities research analysts have also recently commented on CMMC. BMO Capital Markets increased their target price on Copper Mountain Mining Co.. from C$1.20 to C$1.30 in a report on Wednesday, February 19th. Scotiabank lowered their target price on Copper Mountain Mining Co.. from C$0.95 to C$0.90 in a report on Wednesday, February 19th. TD Securities cut Copper Mountain Mining Co.. from a speculative buy rating to a hold rating and lowered their target price for the company from C$0.65 to C$0.45 in a report on Friday, March 20th. Cormark decreased their price objective on Copper Mountain Mining Co.. from C$1.50 to C$1.00 in a report on Wednesday, March 11th. Finally, Haywood Securities decreased their price objective on Copper Mountain Mining Co.. from C$1.20 to C$0.60 in a report on Wednesday, March 11th.

Shares of TSE:CMMC opened at C$0.39 on Monday. The business’s fifty day moving average price is C$0.50 and its two-hundred day moving average price is C$0.63. The stock has a market cap of $70.79 million and a PE ratio of -3.25. The company has a debt-to-equity ratio of 89.82, a quick ratio of 0.27 and a current ratio of 0.46. Copper Mountain Mining Co.. has a one year low of C$0.28 and a one year high of C$1.18.

Copper Mountain Mining Co.. Company Profile

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.

Further Reading: Cost of Equity

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