Meag Munich Ergo Kapitalanlagegesellschaft MBH trimmed its stake in Canyon Copper Corp (NYSE:CNC) by 11.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,100 shares of the company’s stock after selling 14,289 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH owned approximately 0.06% of Canyon Copper Corp worth $10,585,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. CFO4Life Group LLC increased its position in shares of Canyon Copper Corp by 0.4% in the second quarter. CFO4Life Group LLC now owns 6,598 shares of the company’s stock worth $527,000 after purchasing an additional 25 shares during the last quarter. MML Investors Services LLC boosted its stake in Canyon Copper Corp by 1.0% in the second quarter. MML Investors Services LLC now owns 3,587 shares of the company’s stock worth $287,000 after buying an additional 34 shares in the last quarter. Keybank National Association OH boosted its stake in Canyon Copper Corp by 1.1% in the second quarter. Keybank National Association OH now owns 3,180 shares of the company’s stock worth $254,000 after buying an additional 36 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Canyon Copper Corp by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,799 shares of the company’s stock worth $1,022,000 after buying an additional 38 shares in the last quarter. Finally, ING Groep NV boosted its stake in Canyon Copper Corp by 0.4% in the second quarter. ING Groep NV now owns 13,239 shares of the company’s stock worth $1,058,000 after buying an additional 48 shares in the last quarter.

Shares of Canyon Copper Corp (NYSE:CNC) traded up C$0.38 during trading hours on Friday, reaching C$93.68. The company’s stock had a trading volume of 653,473 shares, compared to its average volume of 1,930,000. Canyon Copper Corp has a fifty-two week low of C$50.33 and a fifty-two week high of C$98.71.

Canyon Copper Corp (NYSE:CNC) last issued its earnings results on Tuesday, October 24th. The company reported C$1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.24 by C$0.11. The company had revenue of C$11.90 billion for the quarter, compared to the consensus estimate of C$11.75 billion. Canyon Copper Corp had a return on equity of 12.63% and a net margin of 1.69%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned $1.12 EPS.

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A number of analysts have recently weighed in on the company. Deutsche Bank AG reissued a “buy” rating and set a $111.00 price objective (up previously from $95.00) on shares of Canyon Copper Corp in a research note on Thursday, September 14th. Citigroup Inc. increased their price objective on Canyon Copper Corp from $80.00 to $89.00 and gave the company a “sell” rating in a research note on Wednesday, July 26th. UBS AG reissued a “buy” rating and set a $95.00 price objective (up previously from $88.00) on shares of Canyon Copper Corp in a research note on Wednesday, July 26th. Oppenheimer Holdings, Inc. increased their price objective on Canyon Copper Corp from $105.00 to $111.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Finally, Zacks Investment Research raised Canyon Copper Corp from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$97.53.

In related news, Director Robert K. Ditmore sold 4,167 shares of Canyon Copper Corp stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of C$90.42, for a total transaction of C$376,780.14. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

About Canyon Copper Corp

Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children’s Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.

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Institutional Ownership by Quarter for Canyon Copper Corp (NYSE:CNC)

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