TD Securities Keeps Their Hold Rating on Copper Mountain Mining (CMMC)

By Jason Carr

In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Copper Mountain Mining (TSX: CMMC). TD Securities’ analyst Craig Hutchison reiterates their Hold rating on the shares, with a C$1.65 price target.

Hutchison has an average return of 67.7% when recommending Copper Mountain Mining.

According to TipRanks.com, Hutchison is ranked #602 out of 4849 analysts.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Copper Mountain Mining with a C$1.73 average price target.

Copper Mountain Mining’s market cap is currently C$151.8M and has a P/E ratio of 4. The company has a Price to Book ratio of 0.84.

Copper Mountain Mining Corp. engages in the exploration, development and operation of mineral deposits. Its projects include copper mountain mine and fenton. The company was founded on April 20, 2006 and is headquartered in Vancouver, Canada.

The company’s shares closed on Tuesday at C$1.10, close to its 52-week low of C$0.95.