TD Securities Upgrades Candente Copper (TSE:DNT) to “Strong-Buy”

Candente Copper (TSE:DNT) was upgraded by equities research analysts at TD Securities to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

A number of other research firms have also recently issued reports on DNT. Desjardins upgraded Candente Copper to a “moderate buy” rating in a report on Tuesday. Stifel Canada raised shares of Candente Copper to a “strong-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 52 week low of C$0.11 and a 52 week high of C$0.20. The company has a market capitalization of C$38.81 million, a price-to-earnings ratio of -13.00 and a beta of 2.74. 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 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.