Copper Mountain Mining Co.. (CUM) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS
Copper Mountain Mining Co.. (TSE:CUM) released its earnings data on Tuesday. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.04, AR Network reports.
Shares of Copper Mountain Mining Co.. (TSE:CUM) opened at 2.91 on Tuesday. 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 $2.74 and a 200-day moving average of $2.30. The company’s market cap is $338.5 million.
A number of research firms have recently commented on CUM. Analysts at Laurentian raised their price target on shares of Copper Mountain Mining Co.. from C$3.20 to C$3.50 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. On a related note, analysts at Dundee Securities raised their price target on shares of Copper Mountain Mining Co.. to C$2.50 in a research note on Thursday, July 10th. Finally, analysts at National Bank Financial upgraded shares of Copper Mountain Mining Co.. to a “sector perform” rating in a research note on Thursday, July 10th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$3.05.
Copper Mountain Mining Corporation is engaged in the in the business of mineral exploration, development and operation of mineral deposits.
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