Copper Mountain Mining Co. (OTCMKTS:CPPMF – Get Rating) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 3,130,700 shares, a drop of 14.5% from the August 15th total of 3,663,700 shares. Based on an average daily trading volume, of 194,100 shares, the days-to-cover ratio is currently 16.1 days.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. Scotiabank dropped their target price on shares of Copper Mountain Mining from C$3.00 to C$2.50 in a research report on Tuesday, July 26th. TD Securities cut their price objective on Copper Mountain Mining from C$3.25 to C$2.75 in a research report on Tuesday, July 26th. CIBC downgraded Copper Mountain Mining from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 15th. Stifel Nicolaus dropped their target price on Copper Mountain Mining from C$4.00 to C$3.50 in a report on Tuesday, August 16th. Finally, National Bank Financial downgraded shares of Copper Mountain Mining from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, July 19th.
Copper Mountain Mining Stock Performance
Shares of OTCMKTS CPPMF opened at $1.17 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.59 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $1.18 and its two-hundred day moving average price is $1.89. Copper Mountain Mining has a 52-week low of $0.96 and a 52-week high of $3.45. The stock has a market capitalization of $246.13 million, a P/E ratio of 9.75 and a beta of 2.36.
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.
- Get a free copy of the StockNews.com research report on Copper Mountain Mining (CPPMF)
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