Copper Mountain Mining (OTCMKTS:CPPMF) had its target price lifted by investment analysts at Scotiabank from $3.00 to $4.00 in a research note issued to investors on Monday, The Fly reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 62.93% from the stock’s current price.
Other equities research analysts also recently issued reports about the company. TD Securities lifted their target price on Copper Mountain Mining from $2.75 to $3.25 and gave the stock a “buy” rating in a research report on Wednesday, February 17th. National Bank Financial reaffirmed a “sector perform” rating on shares of Copper Mountain Mining in a report on Wednesday, February 3rd. CIBC lifted their price objective on Copper Mountain Mining from $2.75 to $4.00 and gave the company an “outperform” rating in a report on Monday, March 1st. Finally, BMO Capital Markets lifted their price objective on Copper Mountain Mining from $2.50 to $2.70 and gave the company an “outperform” rating in a report on Wednesday, February 17th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $3.49.
CPPMF stock opened at $2.46 on Monday. Copper Mountain Mining has a twelve month low of $0.28 and a twelve month high of $3.00. The business’s 50-day simple moving average is $2.49 and its 200 day simple moving average is $1.59.
About Copper Mountain Mining
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.
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