Cheapest copper producer going on PEWhile its not a complete measure of a stock, its instructive to compare profitability of CMMC with other Canadian produers, like Capstone and Taseko.
CMMC earned core of 8 cents last quarter, 13 cents with adjustment
Capstone earned 1 cent, 2 cents adjusted
Analyst estimates for Q4 (as laughably low as they are, shows CMMC earning about 4x as much per share as Capstone)
Capstone's share price is 15% higher than CMMC
Taseko, lost money last quarter. Yes, with $3 copper, lost money.
Analysts predict losing money again this quarter, thanks to massive interest costs.
(I'm talking real earnings here, not EBITDA...you have to pay interest on your debt)
Taseko's Enterprise Value simliar to CMMC.
CMMC will earn 60 - 75 cents next year, at $3.50 to $3.75 Copper, and will grow production 50% by 2022, with optionality on the EVA project, and New Ingerbelle.
Crazy cheap.