National Bankshares raises Copper Mountain Mining (TSE:CMMC) price target to C$4.75
Copper Mountain Mining (TSE: CMMC – Get a rating) saw its price target raised by National Bankshares equity research analysts from C$4.50 to C$4.75 in a research report released on Friday, BayStreet.CA reports. The company currently has an “outperform” rating on the stock. National Bank’s target share price indicates upside potential of 19.65% over the company’s current share price.
Several other research analysts have also recently published reports on the company. BMO Capital Markets raised its target price on Copper Mountain Mining from C$4.50 to C$4.75 in a Friday, January 21 research report. CIBC cut its price target on Copper Mountain Mining shares from C$5.00 to C$4.75 and set an “outperform” rating for the stock in a Tuesday, Dec. 14 report. Seven investment analysts gave the stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus buy rating and a consensus target price of C$4.91.
Shares of TSE CMMC traded at C$0.19 during Friday’s trading, hitting C$3.97. 1,548,501 shares of the company were traded, against an average volume of 1,324,409. The company’s 50-day moving average is C$3.65 and its 200-day moving average is $3.46 CAN. Copper Mountain Mining has a fifty-two week low of C$2.70 and a fifty-two week high of C$5.07. The company has a market cap of C$835.15 million and a price-earnings ratio of 8.15. The company has a debt ratio of 74.79, a quick ratio of 2.32 and a current ratio of 2.83.
Separately, senior officer Donald Strickland sold 167,447 shares of the company in a trade on Wednesday, January 12. The shares were sold at an average price of CA$3.85, for a total transaction of CA$644,670.95. Following the completion of the transaction, the insider now directly owns 509,901 shares of the company, valued at approximately C$1,963,118.85. Additionally, insider Zeta Resources Limited sold 10,000 shares in a trade on Monday, January 24. The stock was sold at an average price of CA$3.75, for a total value of CA$37,500.00. Following the completion of the sale, the insider now owns 37,202,547 shares of the company, valued at approximately C$139,509,551.25.
Copper Mountain Mining Company Profile (Get a rating)
Copper Mountain Mining Corporation operates as a mining company in Canada. The company explores deposits of copper, gold and silver. Its flagship asset is the Copper Mountain Mine which comprises 138 Crown granted mining claims, 149 localized mining claims, 14 mining leases and 12 fee simple properties covering 6,702 hectares located south of Princeton, British Columbia.
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