BMO Capital Markets Downgrades Candente Copper (TSE:DNT) to Hold

BMO Capital Markets downgraded shares of Candente Copper (TSE:DNT) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Separately, Atb Cap Markets upgraded Candente Copper to a “strong-buy” rating in a research report on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Candente Copper Price Performance

The company has a current ratio of 0.19, a quick ratio of 0.29 and a debt-to-equity ratio of 2.48. The stock has a market capitalization of C$38.81 million, a P/E ratio of -13.00 and a beta of 2.74. Candente Copper has a 52-week low of C$0.11 and a 52-week high of C$0.20.

Candente Copper Company Profile

Candente Copper Corp., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for copper, gold, and silver deposits. Its principal property is the Cañariaco project consisting of 15 mining concessions covering a total area of approximately 10,190 hectares located in Northern Peru.