Desjardins Weighs in on Candente Copper FY2024 Earnings

Candente Copper Corp. (TSE:DNT) – Investment analysts at Desjardins issued their FY2024 earnings estimates for shares of Candente Copper in a research report issued to clients and investors on Tuesday, November 12th. Desjardins analyst G. Ho forecasts that the mining company will post earnings of $0.39 per share for the year. Desjardins 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.

DNT has been the subject of a number of other research reports. Stifel Canada upgraded shares of Candente Copper to a “strong-buy” rating in a research note on Tuesday. TD Securities raised Candente Copper to a “strong-buy” rating in a research note on Thursday.

Candente Copper Stock Performance

The firm has a market capitalization of C$38.81 million, a price-to-earnings ratio of -13.00 and a beta of 2.74. The firm’s fifty day moving average price is C$0.13. Candente Copper has a 12-month low of C$0.11 and a 12-month high of C$0.20. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.29 and a current ratio of 0.19.

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.