National Bank Financial Cuts Nevada Copper (TSE:NCU) Price Target to C$0.50

Nevada Copper (TSE:NCU) had its price target decreased by National Bank Financial from C$0.60 to C$0.50 in a research note issued to investors on Monday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the mining company’s stock. National Bank Financial also issued estimates for Nevada Copper’s FY2020 earnings at ($0.01) EPS and FY2021 earnings at ($0.01) EPS.

TSE NCU opened at C$0.32 on Monday. The firm has a 50-day moving average of C$0.34 and a 200-day moving average of C$0.39. The company has a debt-to-equity ratio of 33.28, a quick ratio of 1.89 and a current ratio of 1.93. The stock has a market cap of $259.06 million and a PE ratio of -20.00. Nevada Copper has a 52-week low of C$0.30 and a 52-week high of C$0.55.

Nevada Copper Company Profile

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.

Further Reading: Return on Equity (ROE)

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