Copper Mountain Mining (TSE:CMMC) Coverage Initiated at Stifel Nicolaus

Research analysts at Stifel Nicolaus started coverage on shares of Copper Mountain Mining (TSE:CMMCGet Rating) in a research report issued to clients and investors on Monday, TipRanks reports. The brokerage set a “buy” rating and a C$5.90 price target on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 58.18% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets boosted their price objective on Copper Mountain Mining from C$4.50 to C$4.75 in a report on Friday, January 21st. National Bankshares increased their price objective on Copper Mountain Mining from C$4.50 to C$4.75 and gave the company an “outperform” rating in a report on Friday, March 4th. Finally, Scotiabank increased their price objective on Copper Mountain Mining from C$4.50 to C$4.75 in a report on Wednesday, April 13th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$5.07.

Shares of CMMC stock traded down C$0.15 on Monday, hitting C$3.73. The stock had a trading volume of 643,929 shares, compared to its average volume of 1,232,169. The company has a debt-to-equity ratio of 74.79, a current ratio of 2.83 and a quick ratio of 2.32. The firm has a market capitalization of C$784.66 million and a P/E ratio of 7.77. Copper Mountain Mining has a 1 year low of C$2.70 and a 1 year high of C$5.07. The company’s 50 day moving average price is C$3.67 and its 200-day moving average price is C$3.56.

In other Copper Mountain Mining news, insider Zeta Resources Limited sold 10,000 shares of the stock in a transaction that occurred on Monday, January 24th. The stock was sold at an average price of C$3.75, for a total transaction of C$37,500.00. Following the completion of the sale, the insider now directly owns 37,202,547 shares of the company’s stock, valued at approximately C$139,509,551.25. Also, Senior Officer Donald Strickland sold 198,101 shares of the stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of C$3.77, for a total value of C$746,840.77. Following the sale, the insider now directly owns 311,800 shares of the company’s stock, valued at C$1,175,486. Over the last three months, insiders sold 535,601 shares of company stock valued at $2,020,696.

Copper Mountain Mining Company Profile (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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Analyst Recommendations for Copper Mountain Mining (TSE:CMMC)

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