Copper Mountain Mining (OTCMKTS:CPPMF) Price Target Cut to C$5.80 by Analysts at Stifel Nicolaus

Copper Mountain Mining (OTCMKTS:CPPMF – Get Rating) had its price target lowered by investment analysts at Stifel Nicolaus from C$5.90 to C$5.80 in a report issued on Wednesday, The Fly reports.

CPPMF has been the subject of a number of other reports. CIBC lowered their price target on Copper Mountain Mining from C$4.75 to C$4.50 in a research note on Monday, May 2nd. TD Securities lowered their price target on Copper Mountain Mining from C$5.00 to C$4.50 in a research note on Wednesday, April 27th. BMO Capital Markets lowered their target price on Copper Mountain Mining from C$4.75 to C$4.50 in a research note on Wednesday, April 27th. National Bank Financial lowered their target price on Copper Mountain Mining from C$4.75 to C$4.50 in a research note on Tuesday, April 19th. Finally, Scotiabank lowered their target price on Copper Mountain Mining from C$4.75 to C$4.50 in a research note on Wednesday, April 27th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $4.76.

OTCMKTS:CPPMF traded up $0.33 on Wednesday, hitting $2.11. 210,012 shares of the stock were exchanged, compared to its average volume of 163,326. The stock has a market capitalization of $443.86 million, a price-to-earnings ratio of 9.17 and a beta of 2.51. Copper Mountain Mining has a 52 week low of $1.52 and a 52 week high of $3.84. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.45 and a current ratio of 2.83. The company’s 50-day moving average price is $2.59 and its 200 day moving average price is $2.75.

Copper Mountain Mining (OTCMKTS:CPPMF – Get Rating) last announced its quarterly earnings results on Tuesday, April 26th. The company reported ($0.03) EPS for the quarter. The company had revenue of $74.10 million during the quarter. Copper Mountain Mining had a net margin of 13.63% and a return on equity of 19.48%.

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.

Further Reading