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Canaccord Genuity lifted their target price on shares of Copper Mountain Mining Co.. (TSE:CUM) to C$3.25 in a research note issued on Wednesday. Canaccord Genuity’s price objective would indicate a potential upside of 7.62% from the company’s current price.

Shares of Copper Mountain Mining Co.. (TSE:CUM) traded up 3.07% during mid-day trading on Wednesday, hitting $3.02. 2,255,681 shares of the company’s stock traded hands. Copper Mountain Mining Co.. has a 52 week low of $1.36 and a 52 week high of $3.15. The stock has a 50-day moving average of $2.42 and a 200-day moving average of $2.12. The company’s market cap is $351.3 million.

Copper Mountain Mining Co.. (TSE:CUM) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.03. On average, analysts predict that Copper Mountain Mining Co.. will post $0.22 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Scotiabank cut their price target on shares of Copper Mountain Mining Co.. from C$3.10 to C$3.00 in a research note on Monday, May 5th. They now have an “outperform” rating on the stock. Separately, analysts at Laurentian cut their price target on shares of Copper Mountain Mining Co.. from C$3.25 to C$3.20 in a research note on Thursday, April 24th. They now have a “buy” rating on the stock. Finally, analysts at LB Securities reiterated a “buy” rating on shares of Copper Mountain Mining Co.. in a research note on Thursday, April 24th. They now have a C$3.20 price target on the stock, down previously from C$3.25. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$2.97.

Copper Mountain Mining Corporation is engaged in the in the business of mineral exploration, development and operation of mineral deposits.

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