National Bank Financial Upgrades Candente Copper (TSE:DNT) to “Strong-Buy”

Candente Copper (TSE:DNT) was upgraded by National Bank Financial to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other brokerages have also weighed in on DNT. Desjardins upgraded shares of Candente Copper to a “moderate buy” rating in a report on Tuesday, November 12th. Stifel Canada raised Candente Copper to a “strong-buy” rating in a research report on Tuesday, November 12th. Finally, TD Securities raised Candente Copper to a “strong-buy” rating in a research report on Thursday, November 14th.

Candente Copper Stock Performance

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 has a one year low of C$0.11 and a one year high of C$0.20. The company has a current ratio of 0.19, a quick ratio of 0.29 and a debt-to-equity ratio of 2.48. The stock’s 50 day moving average price is C$0.13.

About Candente Copper

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.