Recent Insider Transactions • Jun 09
Vice President of Technical Services recently sold CA$72k worth of stock On the 2nd of June, Richard Klue sold around 30k shares on-market at roughly CA$2.41 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$523k. Insiders have been net sellers, collectively disposing of CA$422k more than they bought in the last 12 months. Recent Insider Transactions Derivative • May 19
Insider exercised options to buy CA$582k worth of stock. On the 11th of May, Lance Newman exercised options to buy 242k shares at a strike price of around CA$0.58, costing a total of CA$140k. This transaction amounted to 78% of their direct individual holding at the time of the trade. As of today, Lance currently holds no shares directly. Company insiders have collectively sold CA$93k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Apr 29
First quarter 2023 earnings released: CA$0.058 loss per share (vs CA$0.03 loss in 1Q 2022) First quarter 2023 results: CA$0.058 loss per share (further deteriorated from CA$0.03 loss in 1Q 2022). Revenue: CA$100.5m (up 7.1% from 1Q 2022). Net loss: CA$12.4m (loss widened 97% from 1Q 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 78% per year, which means it is well ahead of earnings. Recent Insider Transactions • Apr 06
Chief Operating Officer recently sold CA$523k worth of stock On the 29th of March, Donald Strickland sold around 250k shares on-market at roughly CA$2.09 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Donald's only on-market trade for the last 12 months. Board Change • Apr 06
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Jeane Hull was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 02
Copper Mountain Mining Corporation to Report Q4, 2022 Results on Mar 27, 2023 Copper Mountain Mining Corporation announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Mar 27, 2023 Announcement • Jan 07
Copper Mountain Mining Corporation Provides Operational Update on Ransomware Attack Copper Mountain Mining Corporation announced that the company has resumed production after the December 27, 2022 ransomware attack. Throughout this downtime, which resulted from the attack on its IT systems, the Company has been shipping copper concentrate to the Port of Vancouver from mine inventory and has maintained its planned shipping schedule. On January 1, the Company resumed operations of the primary crusher at its Copper Mountain Mine and shortly thereafter, the Company resumed operations at the mill, which was preventatively shutdown following the attack. On January 4, the mill was at full production and the operation is currently being stabilized as the remaining business systems are fully restored. Throughout the outage, all environmental management systems at the Copper Mountain Mine were operational, and there were no environmental incidents or injuries to personnel. The Company's external and internal IT teams, along with external cybersecurity experts, are continuing to actively establish additional safeguards to mitigate any further risks to the Company. The Company's primary objective remains to return to full business functionality in a safe and secure manner. Buying Opportunity • Nov 18
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 5.1%. The fair value is estimated to be CA$1.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company became loss making. Recent Insider Transactions • Nov 17
Independent Chairman of the Board recently bought CA$68k worth of stock On the 11th of November, Edward Dowling bought around 40k shares on-market at roughly CA$1.70 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Edward's only on-market trade for the last 12 months. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Jeane Hull was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Nov 10
Price target decreased to CA$2.59 Down from CA$2.90, the current price target is an average from 9 analysts. New target price is 75% above last closing price of CA$1.48. Stock is down 60% over the past year. The company posted earnings per share of CA$0.50 last year. Major Estimate Revision • Nov 08
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CA$0.05 to CA$0.06. Revenue forecast steady at CA$349.5m. Net income forecast to grow 60% next year vs 8.3% growth forecast for Metals and Mining industry in Canada. Consensus price target of CA$2.90 unchanged from last update. Share price fell 6.4% to CA$1.76 over the past week. Price Target Changed • Oct 12
Price target increased to CA$2.93 Up from CA$2.74, the current price target is an average from 9 analysts. New target price is 60% above last closing price of CA$1.83. Stock is down 48% over the past year. The company is forecast to post earnings per share of CA$0.05 for next year compared to CA$0.50 last year. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improved over the past week After last week's 18% share price gain to CA$1.82, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Metals and Mining industry in Canada. Total returns to shareholders of 180% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$2.70 per share. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CA$1.34, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Metals and Mining industry in Canada. Total returns to shareholders of 94% over the past three years. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CA$1.38, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Metals and Mining industry in Canada. Total returns to shareholders of 106% over the past three years. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 24% share price gain to CA$1.62, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Metals and Mining industry in Canada. Total returns to shareholders of 116% over the past three years. Reported Earnings • Jul 26
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: CA$0.016 loss per share (down from CA$0.13 profit in 2Q 2021). Revenue: CA$59.1m (down 58% from 2Q 2021). Net loss: CA$3.45m (down 113% from profit in 2Q 2021). Revenue missed analyst estimates by 34%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 4.2%, compared to a 22% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jul 22
Consensus EPS estimates fall by 42% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CA$455.7m to CA$413.7m. EPS estimate also fell from CA$0.20 per share to CA$0.12 per share. Net income forecast to shrink 19% next year vs 7.4% growth forecast for Metals and Mining industry in Canada . Consensus price target down from CA$4.61 to CA$3.43. Share price fell 2.8% to CA$1.41 over the past week. Price Target Changed • Jul 08
Price target decreased to CA$4.37 Down from CA$4.73, the current price target is an average from 5 analysts. New target price is 158% above last closing price of CA$1.69. Stock is down 55% over the past year. The company is forecast to post earnings per share of CA$0.20 for next year compared to CA$0.50 last year. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CA$1.62, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Metals and Mining industry in Canada. Total returns to shareholders of 102% over the past three years. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CA$2.39, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Metals and Mining industry in Canada. Total returns to shareholders of 219% over the past three years. Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Jeane Hull was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • May 13
Insider recently bought CA$115k worth of stock On the 11th of May, Patrick Redmond bought around 50k shares on-market at roughly CA$2.30 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$2.1m more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 21% share price decline to CA$2.16, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Metals and Mining industry in Canada. Total returns to shareholders of 132% over the past three years. Major Estimate Revision • May 04
Consensus EPS estimates fall by 42% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CA$489.3m to CA$468.6m. EPS estimate also fell from CA$0.35 per share to CA$0.20 per share. Net income forecast to shrink 10% next year vs 9.3% growth forecast for Metals and Mining industry in Canada . Consensus price target down from CA$5.13 to CA$4.96. Share price rose 2.1% to CA$2.90 over the past week. Board Change • May 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Jeane Hull was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 30
Independent Director recently bought CA$100k worth of stock On the 28th of April, William Washington bought around 35k shares on-market at roughly CA$2.85 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$5.7m more in shares than they bought in the last 12 months. Reported Earnings • Apr 27
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: CA$0.03 loss per share (down from CA$0.18 profit in 1Q 2021). Revenue: CA$93.9m (down 42% from 1Q 2021). Net loss: CA$6.30m (down 117% from profit in 1Q 2021). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is expected to shrink by 1.5% compared to a 34% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 08
Insider recently sold CA$747k worth of stock On the 3rd of March, Donald Strickland sold around 198k shares on-market at roughly CA$3.77 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$5.2m more than they bought in the last 12 months. Major Estimate Revision • Feb 22
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CA$492.0m to CA$464.6m. EPS estimate also fell from CA$0.38 per share to CA$0.31 per share. Net income forecast to shrink 29% next year vs 2.8% growth forecast for Metals and Mining industry in Canada . Consensus price target broadly unchanged at CA$5.18. Share price fell 8.4% to CA$3.49 over the past week. Reported Earnings • Feb 15
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CA$0.50 (up from CA$0.18 in FY 2020). Revenue: CA$578.2m (up 69% from FY 2020). Net income: CA$104.1m (up 194% from FY 2020). Profit margin: 18% (up from 10% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 9.2%. Over the next year, revenue is expected to shrink by 19% compared to a 21% growth forecast for the mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 17% share price gain to CA$4.25, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Metals and Mining industry in Canada. Total returns to shareholders of 452% over the past three years. Major Estimate Revision • Jan 29
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from CA$0.46 to CA$0.54. Revenue forecast unchanged at CA$569.7m. Net income forecast to shrink 3.7% next year vs 2.1% growth forecast for Metals and Mining industry in Canada . Consensus price target of CA$5.18 unchanged from last update. Share price fell 8.4% to CA$3.61 over the past week. Recent Insider Transactions • Jan 16
Insider recently sold CA$645k worth of stock On the 12th of January, Donald Strickland sold around 167k shares on-market at roughly CA$3.85 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$4.3m more than they bought in the last 12 months. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS CA$0.085 (vs CA$0.13 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CA$137.2m (up 44% from 3Q 2020). Net income: CA$17.8m (down 27% from 3Q 2020). Profit margin: 13% (down from 26% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improved over the past week After last week's 24% share price gain to CA$3.55, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Metals and Mining industry in Canada. Total returns to shareholders of 211% over the past three years. Recent Insider Transactions • Aug 21
Insider recently sold CA$55k worth of stock On the 18th of August, Bradly Bolger sold around 18k shares on-market at roughly CA$3.17 per share. In the last 3 months, they made an even bigger sale worth CA$101k. Insiders have been net sellers, collectively disposing of CA$4.1m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CA$2.90, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Metals and Mining industry in Canada. Total returns to shareholders of 184% over the past three years. Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS CA$0.13 (vs CA$0.12 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CA$142.1m (up 56% from 2Q 2020). Net income: CA$26.2m (up 12% from 2Q 2020). Profit margin: 18% (down from 26% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jul 27
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from CA$550.6m to CA$576.0m. EPS estimate fell from CA$0.64 to CA$0.54 per share. Net income forecast to grow 14% next year vs 24% growth forecast for Metals and Mining industry in Canada. Consensus price target of CA$5.04 unchanged from last update. Share price rose 19% to CA$3.68 over the past week. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CA$3.10, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Metals and Mining industry in Canada. Total returns to shareholders of 167% over the past three years. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CA$3.43, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Metals and Mining industry in Canada. Total returns to shareholders of 156% over the past three years. Recent Insider Transactions • Jun 17
Insider recently sold CA$101k worth of stock On the 14th of June, Bradly Bolger sold around 25k shares on-market at roughly CA$4.04 per share. In the last 3 months, there was an even bigger sale from another insider worth CA$1.7m. Insiders have been net sellers, collectively disposing of CA$4.0m more than they bought in the last 12 months. Executive Departure • Jun 12
Independent Director Allan Cloke has left the company On the 10th of June, Allan Cloke's tenure as Independent Director ended after 10.8 years in the role. As of March 2021, Allan still personally held 501.34k shares (CA$1.6m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Jun 12
Independent Director Carl Renzoni has left the company On the 10th of June, Carl Renzoni's tenure as Independent Director ended after 13.2 years in the role. As of March 2021, Carl still personally held 430.00k shares (CA$1.3m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Recent Insider Transactions • May 30
Insider recently sold CA$62k worth of stock On the 26th of May, Bradly Bolger sold around 15k shares on-market at roughly CA$4.10 per share. In the last 3 months, there was an even bigger sale from another insider worth CA$1.7m. Insiders have been net sellers, collectively disposing of CA$3.9m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improved over the past week After last week's 16% share price gain to CA$4.77, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Metals and Mining industry in Canada. Total returns to shareholders of 294% over the past three years. Recent Insider Transactions Derivative • May 07
VP & COO exercised options to buy CA$1.6m worth of stock. On the 28th of April, Donald Strickland exercised options to buy 350k shares at a strike price of around CA$1.28, costing a total of CA$448k. This transaction amounted to 112% of their direct individual holding at the time of the trade. Since September 2020, Donald has owned 311.80k shares directly. Company insiders have collectively bought CA$96k more than they sold, via options and on-market transactions, in the last 12 months.