Cormark Reaffirms Outperform Rating for Copper Mountain Mining (TSE:CMMC)

Copper Mountain Mining (TSE:CMMCGet Rating)‘s stock had its “outperform” rating reaffirmed by equities researchers at Cormark in a research note issued to investors on Monday, MarketBeat reports. They currently have a C$5.50 price objective on the stock, down from their prior price objective of C$6.00. Cormark’s price objective indicates a potential upside of 103.70% from the company’s current price.

A number of other brokerages have also recently weighed in on CMMC. National Bankshares reduced their price target on shares of Copper Mountain Mining from C$4.75 to C$4.50 in a research report on Tuesday, April 19th. TD Securities reduced their target price on Copper Mountain Mining from C$5.00 to C$4.50 and set a “buy” rating for the company in a report on Wednesday, April 27th. Scotiabank dropped their price target on Copper Mountain Mining from C$4.75 to C$4.50 in a research note on Wednesday, April 27th. BMO Capital Markets cut their price target on Copper Mountain Mining from C$4.75 to C$4.50 in a research report on Wednesday, April 27th. Finally, Stifel Nicolaus started coverage on Copper Mountain Mining in a report on Monday, April 18th. They issued a “buy” rating and a C$5.90 price objective for the company. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$4.86.

CMMC stock traded down C$0.17 during trading on Monday, hitting C$2.70. 1,450,859 shares of the company’s stock were exchanged, compared to its average volume of 1,311,418. The business has a 50-day moving average price of C$3.56 and a two-hundred day moving average price of C$3.58. The company has a current ratio of 2.83, a quick ratio of 2.32 and a debt-to-equity ratio of 74.79. The stock has a market capitalization of C$570.38 million and a price-to-earnings ratio of 5.71. Copper Mountain Mining has a 52-week low of C$2.65 and a 52-week high of C$5.07.

In other news, Senior Officer Donald Strickland sold 198,101 shares of the business’s 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 transaction of C$746,840.77. Following the sale, the insider now owns 311,800 shares of the company’s stock, valued at approximately C$1,175,486. Also, Senior Officer Bradly James Bolger sold 52,500 shares of the firm’s 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. Insiders sold 525,601 shares of company stock valued at $1,983,196 in the last quarter.

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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