Nevada Copper (NCU), the Materials sector company was revisited on May 16, and remains undervalued for at least one analyst on the street. On May 16, analyst Orest Wowkodaw gave a Buy rating to NCU and set a C$0.90 price target.
According to TipRanks.com, Wowkodaw is a 5-star analyst with an average return of 14.1% and a 47.3% success rate. Wowkodaw covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals Ltd, Teck Resources Limited, and Taseko Mines Limited.
Nevada Copper has an analyst consensus of Moderate Buy, with a price target consensus of C$0.90.
Based on Nevada Copper’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of C$3.15 million. In comparison, last year the company had a GAAP net loss of C$15.94 million.
Nevada Copper Corp. engages in the identification, acquisition, exploration, and development of copper and other mineral properties. It focuses on the development of Pumpkin Hollow project. The company was founded by Brian P. Kirwin and Giulio T. Bonifacio on June 16, 1999 and is headquartered in Vancouver, Canada.
The company’s shares closed on Friday at C$0.40, close to its 52-week low of C$0.33.
