CIBC Increases Copper Mountain Mining (OTCMKTS:CPPMF) Price Target to $5.50

Copper Mountain Mining (OTCMKTS:CPPMF) had its price objective hoisted by research analysts at CIBC from $4.00 to $5.50 in a report released on Monday, The Fly reports. The firm currently has an “outperform” rating on the stock. CIBC’s price objective suggests a potential upside of 72.41% from the company’s previous close.

Several other equities research analysts have also commented on CPPMF. Scotiabank increased their price objective on shares of Copper Mountain Mining from $4.00 to $4.50 and gave the company an “outperform” rating in a research note on Tuesday, April 27th. BMO Capital Markets boosted their price objective on Copper Mountain Mining from $3.25 to $4.25 and gave the stock an “outperform” rating in a research report on Tuesday, April 27th. National Bank Financial restated an “outperform” rating on shares of Copper Mountain Mining in a report on Tuesday, April 27th. Stifel Nicolaus cut Copper Mountain Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, April 27th. Finally, TD Securities cut shares of Copper Mountain Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, April 27th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Copper Mountain Mining presently has an average rating of “Buy” and an average price target of $4.38.

Shares of Copper Mountain Mining stock opened at $3.19 on Monday. Copper Mountain Mining has a 12 month low of $0.31 and a 12 month high of $3.86. The stock’s fifty day simple moving average is $2.72 and its 200 day simple moving average is $1.84.

Copper Mountain Mining (OTCMKTS:CPPMF) last released its quarterly earnings results on Tuesday, February 16th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $81.42 million during the quarter.

About Copper Mountain Mining

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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Analyst Recommendations for Copper Mountain Mining (OTCMKTS:CPPMF)

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