Brokerages Set Copper Mountain Mining Co. (TSE:CMMC) PT at C$2.33

Copper Mountain Mining Co. (TSE:CMMCGet Rating) has earned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$2.33.

Several analysts have commented on CMMC shares. Scotiabank dropped their target price on shares of Copper Mountain Mining from C$2.75 to C$2.25 in a report on Wednesday, November 9th. CIBC dropped their target price on shares of Copper Mountain Mining from C$2.35 to C$2.00 and set a “neutral” rating on the stock in a report on Thursday, November 10th. Haywood Securities raised their target price on shares of Copper Mountain Mining from C$2.00 to C$2.25 and gave the stock a “buy” rating in a report on Wednesday, October 12th. TD Securities dropped their target price on shares of Copper Mountain Mining from C$3.25 to C$2.50 and set a “buy” rating on the stock in a report on Thursday, November 10th. Finally, Cormark dropped their target price on shares of Copper Mountain Mining from C$4.00 to C$3.00 in a report on Friday, November 11th.

Copper Mountain Mining Stock Performance

Shares of CMMC stock opened at C$1.64 on Friday. The company has a debt-to-equity ratio of 88.37, a quick ratio of 0.38 and a current ratio of 1.72. The company has a market capitalization of C$350.62 million and a P/E ratio of 13.67. The company’s 50 day moving average price is C$1.68 and its two-hundred day moving average price is C$1.82. Copper Mountain Mining has a 52 week low of C$1.23 and a 52 week high of C$4.38.

Insider Activity

In other news, insider Zeta Resources Limited sold 2,000,000 shares of Copper Mountain Mining stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of C$1.80, for a total value of C$3,608,400.00. Following the sale, the insider now directly owns 30,454,745 shares in the company, valued at C$54,946,450.93. In other news, Director William Albert Washington bought 30,000 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were acquired at an average cost of C$1.72 per share, for a total transaction of C$51,690.00. Following the completion of the acquisition, the director now owns 490,000 shares in the company, valued at C$844,270. Also, insider Zeta Resources Limited sold 2,000,000 shares of the business’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of C$1.80, for a total transaction of C$3,608,400.00. Following the transaction, the insider now owns 30,454,745 shares in the company, valued at C$54,946,450.93. Insiders have sold 4,000,000 shares of company stock worth $7,197,720 over the last ninety days.

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.

Further Reading

Analyst Recommendations for Copper Mountain Mining (TSE:CMMC)

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