CIBC Initiates Coverage on Candente Copper (DNT)
Stock analysts at CIBC started coverage on shares of Candente Copper (TSE:DNT) in a report issued on Tuesday, American Banking and Market News reports. The firm set a “sector perform” rating and a C$0.40 price target on the stock. CIBC’s target price would suggest a potential upside of 63.27% from the company’s current price.
Separately, analysts at Laurentian cut their price target on shares of Candente Copper (TSE:DNT) from C$1.00 to C$0.90 in a research note to investors on Friday, July 26th. They now have a “speculative buy” rating on the stock.
Candente Copper (TSE:DNT) remained flat at $0.245 during trading on Tuesday. The stock had a trading volume of 8,500 shares. Candente Copper has a one year low of $0.145 and a one year high of $0.64. The stock’s 50-day moving average is $0.22 and its 200-day moving average is $0.26. The company’s market cap is $29.9 million.
Candente Copper Corp., formerly Candente Resource Corp., is a Canada-based mineral exploration company that conducts its operations through wholly owned subsidiaries.
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