Copper Mountain Mining Co. (TSE:CMMC) Given Consensus Rating of “Buy” by Brokerages

Shares of Copper Mountain Mining Co. (TSE:CMMC – Get Rating) have been given an average rating of “Buy” by the seven ratings firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$4.81.

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus started coverage on Copper Mountain Mining in a research note on Monday, April 18th. They set a “buy” rating and a C$5.90 price target on the stock. National Bankshares cut their price target on shares of Copper Mountain Mining from C$4.75 to C$4.50 in a research note on Tuesday, April 19th. BMO Capital Markets lowered their price objective on shares of Copper Mountain Mining from C$4.75 to C$4.50 in a research note on Wednesday, April 27th. TD Securities dropped their price objective on shares of Copper Mountain Mining from C$5.00 to C$4.50 and set a “buy” rating on the stock in a report on Wednesday, April 27th. Finally, Scotiabank reduced their target price on Copper Mountain Mining from C$4.75 to C$4.50 in a research note on Wednesday, April 27th.

Shares of CMMC stock opened at C$2.87 on Monday. The stock’s fifty day moving average price is C$3.56 and its 200 day moving average price is C$3.58. Copper Mountain Mining has a 1-year low of C$2.70 and a 1-year high of C$5.07. The company has a market cap of C$606.29 million and a price-to-earnings ratio of 5.98. The company has a debt-to-equity ratio of 74.79, a current ratio of 2.83 and a quick ratio of 2.32.

In related news, Director William Albert Washington purchased 35,000 shares of Copper Mountain Mining stock in a transaction that occurred on Thursday, April 28th. The stock was bought at an average cost of C$2.85 per share, for a total transaction of C$99,820.00. Following the completion of the transaction, the director now owns 460,000 shares in the company, valued at C$1,311,920. Also, Senior Officer Bradly James Bolger sold 52,500 shares of Copper Mountain Mining stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of C$3.56, for a total value of C$186,900.00. In the last three months, insiders have sold 525,601 shares of company stock valued at $1,983,196.

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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