Desjardins Weighs in on Candente Copper FY2024 Earnings

Candente Copper Corp. (TSE:DNT) – Investment analysts at Desjardins issued their FY2024 earnings per share (EPS) estimates for Candente Copper in a note issued to investors on Tuesday, November 12th. Desjardins analyst G. Ho expects that the mining company will post earnings per share of $0.39 for the year. Desjardins currently has a “Moderate Buy” rating on the stock. Desjardins also issued estimates for Candente Copper’s FY2025 earnings at $0.51 EPS and FY2026 earnings at $0.57 EPS.

Several other brokerages have also recently issued reports on DNT. TD Securities upgraded shares of Candente Copper to a “strong-buy” rating in a research report on Thursday. Stifel Canada raised Candente Copper to a “strong-buy” rating in a research report on Tuesday, November 12th.

Candente Copper Price Performance

The company has a 50-day moving average price of C$0.13. The company has a quick ratio of 0.29, a current ratio of 0.19 and a debt-to-equity ratio of 2.48. 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 cap of C$38.81 million, a price-to-earnings 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.