Copper Mountain Mining (TSE:CMMC) Given New C$4.75 Price Target at Scotiabank

Copper Mountain Mining (TSE:CMMCGet Rating) had its target price boosted by stock analysts at Scotiabank from C$4.50 to C$4.75 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 34.56% from the company’s previous close.

CMMC has been the subject of a number of other reports. CIBC reduced their target price on shares of Copper Mountain Mining from C$5.00 to C$4.75 and set an “outperform” rating for the company in a research note on Tuesday, December 14th. BMO Capital Markets lifted their price objective on shares of Copper Mountain Mining from C$4.50 to C$4.75 in a research note on Friday, January 21st. Finally, National Bankshares raised their target price on shares of Copper Mountain Mining from C$4.50 to C$4.75 and gave the company an “outperform” rating in a research note on Friday, March 4th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Copper Mountain Mining currently has a consensus rating of “Buy” and a consensus target price of C$4.97.

TSE CMMC traded up C$0.03 during trading hours on Wednesday, hitting C$3.53. The company had a trading volume of 656,330 shares, compared to its average volume of 1,232,890. The company has a quick ratio of 2.32, a current ratio of 2.83 and a debt-to-equity ratio of 74.79. The firm has a market cap of C$742.58 million and a P/E ratio of 7.44. Copper Mountain Mining has a fifty-two week low of C$2.70 and a fifty-two week high of C$5.07. The business has a fifty day simple moving average of C$3.68 and a 200-day simple moving average of C$3.55.

In other Copper Mountain Mining news, insider Zeta Resources Limited sold 125,000 shares of the business’s stock in a transaction dated Thursday, March 24th. The stock was sold at an average price of C$3.82, for a total transaction of C$477,250.00. Following the completion of the sale, the insider now directly owns 36,549,745 shares of the company’s stock, valued at approximately C$139,546,926.41. Also, Senior Officer Donald Strickland sold 198,101 shares of the company’s stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of C$3.77, for a total value of C$746,840.77. Following the completion of the sale, the insider now owns 311,800 shares of the company’s stock, valued at approximately C$1,175,486. Insiders sold 535,601 shares of company stock valued at $2,020,696 in the last 90 days.

About Copper Mountain Mining (Get Rating)

Copper Mountain Mining Corporation operates as a mining company in Canada. The company explores for copper, gold, and silver deposits. Its flagship asset is the Copper Mountain mine that comprise 138 crown granted mineral claims, 149 located mineral claims, 14 mining leases, and 12 fee simple properties covering an area of 6,702 hectares located to the south of Princeton, British Columbia.

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