National Bank Financial set a C$0.25 price objective on Nevada Copper (TSE:NCU) in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the mining company’s stock. National Bank Financial also issued estimates for Nevada Copper’s FY2020 earnings at ($0.01) EPS and FY2022 earnings at $0.03 EPS.
Separately, Scotiabank raised Nevada Copper from a sector perform rating to an outperform rating and increased their price objective for the company from C$0.20 to C$0.25 in a research report on Tuesday, July 28th.
Shares of Nevada Copper stock opened at C$0.13 on Wednesday. The stock has a market capitalization of $190.25 million and a P/E ratio of -6.50. The company has a quick ratio of 0.11, a current ratio of 0.12 and a debt-to-equity ratio of 61.95. The stock has a 50 day moving average price of C$0.17 and a two-hundred day moving average price of C$0.21. Nevada Copper has a 12-month low of C$0.13 and a 12-month high of C$0.38.
Nevada Copper Corp., a development stage mining company, engages in the identification, acquisition, exploration, and development of copper and other mineral properties in Nevada. It explores for copper, gold, silver, and iron ores. The company holds 100% interest in the Pumpkin Hollow copper property that consists of a contiguous 27 square mile land package comprising private lands, patented, and unpatented mineral claims located in north-western Nevada.
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