Copper Mountain Mining Co.. (CMMC) Trading Up 9.4%

Copper Mountain Mining Co.. (TSE:CMMC)’s share price was up 9.4% during mid-day trading on Wednesday . The stock traded as high as C$1.16 and last traded at C$1.16. Approximately 373,545 shares were traded during trading, an increase of 23% from the average daily volume of 304,821 shares. The stock had previously closed at C$1.06.

Several equities research analysts have weighed in on CMMC shares. Cormark dropped their price objective on Copper Mountain Mining Co.. from C$2.00 to C$1.85 in a report on Friday, January 11th. TD Securities increased their price objective on Copper Mountain Mining Co.. from C$1.50 to C$1.60 and gave the stock a “speculative buy” rating in a report on Tuesday, February 26th. GMP Securities upgraded Copper Mountain Mining Co.. to a “buy” rating and set a C$1.75 price objective for the company in a report on Thursday, February 28th. Finally, National Bank Financial increased their price objective on Copper Mountain Mining Co.. from C$1.60 to C$1.80 in a report on Wednesday, February 27th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Copper Mountain Mining Co.. presently has an average rating of “Hold” and a consensus price target of C$1.70.

The company has a market cap of $199.46 million and a P/E ratio of -8.54. The company has a debt-to-equity ratio of 114.11, a current ratio of 0.76 and a quick ratio of 0.39.

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Copper Mountain Mining Co.. Company Profile (TSE:CMMC)

Copper Mountain Mining Corporation operates as a mining company in Canada. The company explores for copper, gold, and silver deposits. It primarily holds 75% interest in the Copper Mountain mine that comprise 135 crown granted mineral claims, 156 located mineral claims, 14 mining leases, and 12 fee simple properties covering an area of 6,702.1 hectares located to the south of Princeton, British Columbia.

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