Nevada Copper Receives a Buy from Scotiabank

By Jason Carr

Nevada Copper (TSX: NCU), the Materials sector company, was revisited by a Wall Street analyst on July 9. On July 9, analyst Orest Wowkodaw gave a Buy rating to NCU and set a C$1.20 price target.

According to TipRanks.com, Wowkodaw is ranked #78 out of 4842 analysts.

Read also: Not Exactly Paradox, Reflation In Oil Deflation In Copper

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nevada Copper with a C$1.20 average price target.

The company has a one-year high of C$0.84 and a one-year low of C$0.45. Currently, Nevada Copper has an average volume of 207.7K.

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 Thursday at C$0.58.