Candente Copper Corp. (TSE:DNT) Receives Average Rating of “Hold” from Analysts

Candente Copper Corp. (TSE:DNT) has earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a strong buy recommendation to the company.

DNT has been the topic of a number of recent analyst reports. BMO Capital Markets lowered shares of Candente Copper from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. TD Securities cut shares of Candente Copper from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 29th. Stifel Canada downgraded Candente Copper from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Royal Bank Of Canada cut Candente Copper from a “moderate buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Jefferies Financial Group downgraded Candente Copper from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th.

Candente Copper Stock Performance

Candente Copper has a twelve month low of C$0.11 and a twelve month high of C$0.20. The company has a current ratio of 0.19, a quick ratio of 0.29 and a debt-to-equity ratio of 2.48. The firm has a market capitalization of C$38.81 million, a P/E ratio of -13.00 and a beta of 2.74.

About Candente Copper

Candente Copper Corp., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for copper, gold, and silver deposits. Its principal property is the Cañariaco project consisting of 15 mining concessions covering a total area of approximately 10,190 hectares located in Northern Peru. The company was formerly known as Candente Resource Corp. and changed its name to Candente Copper Corp. in December 2009. Candente Copper Corp.