Nevada Copper (OTCMKTS:NEVDF) Cut to “Underperform” at Royal Bank of Canada

Nevada Copper (OTCMKTS:NEVDFGet Rating) was downgraded by investment analysts at Royal Bank of Canada from an “outperform” rating to an “underperform” rating in a research note issued to investors on Wednesday, The Fly reports.

Separately, Scotiabank cut their price objective on Nevada Copper from C$0.85 to C$0.80 in a research note on Monday, April 4th.

Shares of NEVDF stock opened at $0.32 on Wednesday. The stock’s 50 day simple moving average is $0.44 and its 200 day simple moving average is $0.50. Nevada Copper has a twelve month low of $0.30 and a twelve month high of $2.20.

About Nevada Copper (Get Rating)

Nevada Copper Corp. engages in the exploration, development, and operation of mineral properties in Nevada. The company explores for copper, iron magnetite, gold, and silver ores. Its holds 100% interests in the Pumpkin Hollow property located in Nevada, the United States. Nevada Copper Corp. was incorporated in 1999 and is based in Vancouver, British Columbia.

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