Nevada Copper (TSE:NCU) PT Lowered to C$0.25

Nevada Copper (TSE:NCU) had its target price reduced by Haywood Securities from C$0.60 to C$0.25 in a note issued to investors on Tuesday, BayStreet.CA reports. Haywood Securities’ price target points to a potential upside of 38.89% from the company’s previous close.

Separately, National Bank Financial lowered Nevada Copper from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$0.70 to C$0.30 in a research note on Monday.

Nevada Copper stock opened at C$0.18 on Tuesday. The stock’s fifty day moving average price is C$0.25 and its two-hundred day moving average price is C$0.27. Nevada Copper has a one year low of C$0.14 and a one year high of C$0.45. The company has a debt-to-equity ratio of 40.71, a current ratio of 0.40 and a quick ratio of 0.37. The firm has a market cap of $140.96 million and a PE ratio of -30.00.

About Nevada Copper

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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