Short Interest in Copper Mountain Mining Co. (OTCMKTS:CPPMF) Expands By 23.6%

Copper Mountain Mining Co. (OTCMKTS:CPPMFGet Rating) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 4,277,400 shares, a growth of 23.6% from the May 15th total of 3,460,200 shares. Based on an average daily trading volume, of 180,500 shares, the short-interest ratio is presently 23.7 days.

Shares of CPPMF stock opened at $1.58 on Friday. The stock’s fifty day moving average price is $2.21 and its two-hundred day moving average price is $2.62. The company has a market cap of $332.37 million, a PE ratio of 5.24 and a beta of 2.53. Copper Mountain Mining has a fifty-two week low of $1.52 and a fifty-two week high of $3.45. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.65 and a current ratio of 1.94.

Copper Mountain Mining (OTCMKTS:CPPMFGet Rating) last issued its earnings results on Tuesday, April 26th. The company reported ($0.03) earnings per share for the quarter. Copper Mountain Mining had a net margin of 13.63% and a return on equity of 19.26%. The business had revenue of $74.10 million during the quarter.

Several research firms have issued reports on CPPMF. BMO Capital Markets dropped their price objective on Copper Mountain Mining from C$4.75 to C$4.50 in a research note on Wednesday, April 27th. Stifel Nicolaus lowered their target price on Copper Mountain Mining from C$5.90 to C$5.80 in a research note on Wednesday, May 18th. National Bank Financial lowered their target price on Copper Mountain Mining from C$4.75 to C$4.50 in a research note on Tuesday, April 19th. Scotiabank lowered their price objective on Copper Mountain Mining from C$4.75 to C$4.50 in a research note on Wednesday, April 27th. Finally, CIBC lowered Copper Mountain Mining from an “outperform” rating to a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $4.76.

Copper Mountain Mining Company Profile (Get Rating)

Copper Mountain Mining Corporation operates as a mining company in Canada. The company explores for copper, gold, and silver deposits. Its flagship asset is the Copper Mountain mine that comprise 138 crown granted mineral claims, 149 located mineral claims, 14 mining leases, and 12 fee simple properties covering an area of 6,702 hectares located to the south of Princeton, British Columbia.

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