Copper Mountain Mining Co.. (CVE:CMMC) was downgraded by equities research analysts at TD Securities from a “speculative buy” rating to a “hold” rating in a research report issued on Friday. They currently have a C$1.80 price target on the stock, up from their previous price target of C$1.55. TD Securities’ price objective would indicate a potential upside of 73.08% from the company’s current price.
A number of other equities analysts have also commented on CMMC. Scotiabank reissued an “outperform” rating and issued a C$1.50 price target on shares of Copper Mountain Mining Co.. in a report on Monday, July 17th. National Bank Financial increased their price target on shares of Copper Mountain Mining Co.. from C$1.45 to C$1.50 and gave the stock a “sector perform” rating in a report on Monday, July 24th. Finally, BMO Capital Markets increased their price target on shares of Copper Mountain Mining Co.. from C$1.20 to C$1.30 and gave the stock an “underperform” rating in a report on Thursday.
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About Copper Mountain Mining Co..
Copper Mountain Mining Corporation operates as a development and operating mining company in Canada. The company primarily 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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