Copper Mountain Mining (OTCMKTS:CPPMF) Price Target Cut to C$4.50

Copper Mountain Mining (OTCMKTS:CPPMFGet Rating) had its target price reduced by equities researchers at National Bank Financial from C$4.75 to C$4.50 in a report issued on Tuesday, The Fly reports.

Other research analysts also recently issued research reports about the company. BMO Capital Markets raised their target price on Copper Mountain Mining from C$4.50 to C$4.75 in a research note on Friday, January 21st. Scotiabank raised their target price on Copper Mountain Mining from C$4.50 to C$4.75 in a research note on Wednesday, April 13th. Finally, Stifel Nicolaus raised their target price on Copper Mountain Mining from C$5.75 to C$5.80 in a research note on Thursday, March 17th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $4.75.

Shares of OTCMKTS CPPMF traded up $0.29 during midday trading on Tuesday, reaching $3.07. The company’s stock had a trading volume of 208,034 shares, compared to its average volume of 151,150. Copper Mountain Mining has a 12-month low of $2.07 and a 12-month high of $4.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.83 and a quick ratio of 2.45. The firm has a 50 day moving average price of $2.89 and a 200-day moving average price of $2.85. The stock has a market capitalization of $645.82 million, a P/E ratio of 8.08 and a beta of 2.21.

Copper Mountain Mining (OTCMKTS:CPPMFGet Rating) last posted its quarterly earnings results on Monday, February 14th. The company reported $0.09 EPS for the quarter. Copper Mountain Mining had a return on equity of 29.74% and a net margin of 19.39%. The firm had revenue of $108.49 million during the quarter.

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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