Copper Mountain Mining (OTCMKTS:CPPMF) Price Target Raised to $5.50 at CIBC

Copper Mountain Mining (OTCMKTS:CPPMF) had its target price lifted by research analysts at CIBC from $4.00 to $5.50 in a research note issued to investors on Monday, The Fly reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target would indicate a potential upside of 72.41% from the company’s current price.

A number of other brokerages also recently issued reports on CPPMF. BMO Capital Markets increased their price target on Copper Mountain Mining from $3.25 to $4.25 and gave the stock an “outperform” rating in a research report on Tuesday, April 27th. National Bank Financial reaffirmed an “outperform” rating on shares of Copper Mountain Mining in a report on Tuesday, April 27th. Stifel Nicolaus downgraded Copper Mountain Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, April 27th. TD Securities cut Copper Mountain Mining from a “buy” rating to a “hold” rating in a report on Tuesday, April 27th. Finally, Scotiabank raised their target price on Copper Mountain Mining from $4.00 to $4.50 and gave the stock an “outperform” rating in a research note on Tuesday, April 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $4.38.

Shares of CPPMF opened at $3.19 on Monday. Copper Mountain Mining has a fifty-two week low of $0.31 and a fifty-two week high of $3.86. The business’s 50-day moving average is $2.72 and its two-hundred day moving average is $1.84.

Copper Mountain Mining (OTCMKTS:CPPMF) last posted its earnings results on Tuesday, February 16th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $81.42 million for the quarter.

Copper Mountain Mining Company Profile

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.

Read More: Resistance Level

The Fly

Analyst Recommendations for Copper Mountain Mining (OTCMKTS:CPPMF)

Receive News & Ratings for Copper Mountain Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copper Mountain Mining and related companies with MarketBeat.com's FREE daily email newsletter.