Candente Copper (TSE:DNT) Upgraded by Stifel Canada to “Strong-Buy” Rating

Stifel Canada upgraded shares of Candente Copper (TSE:DNT) to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

Separately, Desjardins raised Candente Copper to a “moderate buy” rating in a research note on Tuesday.

Candente Copper Price Performance

The business has a 50 day moving average price of C$0.13. Candente Copper has a 12 month low of C$0.11 and a 12 month high of C$0.20. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.19 and a quick ratio of 0.29. The firm has a market capitalization of C$38.81 million, a P/E 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.