Candente Copper (TSE:DNT) Downgraded by Stifel Canada to “Hold”

Stifel Canada cut shares of Candente Copper (TSE:DNT) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets downgraded shares of Candente Copper from a “strong-buy” rating to a “hold” rating in a report on Monday. Royal Bank Of Canada lowered Candente Copper from a “moderate buy” rating to a “hold” rating in a research note on Monday. Atb Cap Markets raised Candente Copper to a “strong-buy” rating in a research note on Monday, July 28th. TD Securities downgraded Candente Copper from a “strong-buy” rating to a “strong sell” rating in a research report on Monday. Finally, Jefferies Financial Group downgraded Candente Copper from a “strong-buy” rating to a “hold” rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

Candente Copper Price Performance

The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.29 and a current ratio of 0.19. Candente Copper has a 12-month low of C$0.11 and a 12-month high of C$0.20. The company has a market cap of C$38.81 million, a price-to-earnings ratio of -13.00 and a beta of 2.74.

Candente Copper Company Profile

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.