National Bank Financial Analysts Give Nevada Copper (NCU) a C$0.75 Price Target

National Bank Financial set a C$0.75 target price on Nevada Copper (TSE:NCU) in a research note released on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the mining company’s stock.

Nevada Copper stock remained flat at $C$0.40 on Friday. 125,500 shares of the company’s stock traded hands, compared to its average volume of 149,099. The company has a market cap of $264.77 million and a price-to-earnings ratio of -10.00. The company has a debt-to-equity ratio of 30.72, a current ratio of 5.56 and a quick ratio of 5.55. Nevada Copper has a 12-month low of C$0.33 and a 12-month high of C$0.72.

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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