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Scotiabank Sticks to Its Hold Rating for Copper Mountain Mining (CMMC)


In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Copper Mountain Mining (TSX: CMMC). On October 10, analyst Orest Wowkodaw gave a Hold rating to CMMC and set a C$1.30 price target.

According to TipRanks.com, Wowkodaw is a 5-star analyst with an average return of 19.9% and a 52.5% success rate. Wowkodaw covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Nevsun Resources Ltd, and Taseko Mines Limited.

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Copper Mountain Mining has an analyst consensus of Moderate Buy, with a price target consensus of C$1.57.

Based on Copper Mountain Mining’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$2.19 million. In comparison, last year the company had a net profit of C$19.54 million.

Copper Mountain Mining Corp. engages in the exploration, development and operation of mineral deposits. Its projects include copper mountain mine and fenton. The company was founded on April 20, 2006 and is headquartered in Vancouver, Canada.

The company’s shares closed on Friday at C$1.10, close to its 52-week low of C$0.98.