Nevada Copper (TSE:NCU) Upgraded at Haywood Securities

Nevada Copper (TSE:NCU – Get Rating) was upgraded by stock analysts at Haywood Securities to a “buy” rating in a research report issued on Monday, Stock Target Advisor reports. The brokerage presently has a C$0.80 target price on the mining company’s stock. Haywood Securities’ price target suggests a potential upside of 26.98% from the stock’s previous close.

TSE NCU traded down C$0.01 during trading on Monday, hitting C$0.63. 166,078 shares of the company’s stock traded hands, compared to its average volume of 511,020. The company has a debt-to-equity ratio of 61.27, a current ratio of 0.02 and a quick ratio of 0.01. The stock has a fifty day moving average of C$0.69 and a two-hundred day moving average of C$0.68. The firm has a market cap of C$280.92 million and a P/E ratio of 12.86. Nevada Copper has a 12-month low of C$0.49 and a 12-month high of C$3.15.

About Nevada Copper (Get Rating)

Nevada Copper Corp. engages in the exploration, development, and operation of mineral properties in Nevada. The company explores for copper, gold, and silver ores. Its holds 100% interests in the Pumpkin Hollow property located in Nevada, the United States. Nevada Copper Corp. is based in Reno, Nevada.

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