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

Candente Copper (TSE:DNT) was downgraded by equities research analysts at Stifel Canada from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

DNT has been the topic of a number of other reports. TD Securities downgraded shares of Candente Copper from a “strong-buy” rating to a “strong sell” rating in a report on Monday. Atb Cap Markets raised shares of Candente Copper to a “strong-buy” rating in a report on Monday, July 28th. Royal Bank Of Canada downgraded shares of Candente Copper from a “moderate buy” rating to a “hold” rating in a report on Monday. Jefferies Financial Group downgraded shares of Candente Copper from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, BMO Capital Markets downgraded shares of Candente Copper from a “strong-buy” rating to a “hold” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Candente Copper Stock 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. The stock 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 has a fifty-two week low of C$0.11 and a fifty-two week high of C$0.20.

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.