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Copper Mountain Mining Corporation. (TSE:CUM) target price raised to $0.45, issued a report today by Scotia Capital

Copper Mountain Mining Corporation. (TSE:CUM) had its price target upped to $0.45 by Scotia Capital in an issued report announced 10/07/2016. The bumped up target implies remote upside the company's last closing price.

Previously on Wednesday July 13, 2016, Scotia Capital reported on Copper Mountain Mining Corporation. (TSE:CUM) raised the target price from $0.00 to $1.00. At the time, this indicated a possible upside of 0.69%.

Yesterday Copper Mountain Mining Corporation. (TSE:CUM) traded -1.10% lower at $0.45. The company’s 50-day moving average is $0.47 and its 200-day moving average is $0.51. The last closing price is down -11.15% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 242,292 shares of the stock were exchanged, down from an average trading volume of 276,591

See Chart Below

Copper Mountain Mining Corporation. (TSE:CUM)

Copper Mountain Mining Corporation. has a 52 week low of $0.33 and a 52 week high of $0.70 The company’s market cap is currently $0.

In addition to Scotia Capital reporting its target price, a total of 9 brokers have issued a report on the stock. The consensus target price is $0.58 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Copper Mountain Mining Corporation. (TSE:CUM)

Copper Mountain Mining Corp is a Canada-based mining company. The Company is engaged in the business of mineral exploration, development and operation of mineral deposits. The Copper Mountain mine project is situated approximately 20 kilometers south of Princeton, British Columbia and over 300 kilometers east of the port of Vancouver. The Copper Mountain mine project covers an area of approximately 6,700 hectares. Its Copper Mountain mine project is a conventional open pit, truck and shovel operation that has approximately 35,000 tons per day concentrator, which produces a copper concentrate with gold and silver credits. The Company's mining equipment fleet consists of approximately two Komatsu PC 8000 hydraulic shovels, a Hitachi EX 5500 hydraulic shovel, over 10 Komatsu 240 ton capacity haul trucks, over seven Euclid 260 ton haul trucks, a Komatsu WA 1200 loader, approximately five Komatsu D375 dozers, and over three Caterpillar 16G graders and a fleet of support equipment.

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