Capstone Copper (TSE:CS) Trading 7.3% Higher – Time to Buy?

Capstone Copper Corp. (TSE:CS) traded up 7.3% on Tuesday . The stock traded as high as C$7.49 and last traded at C$7.49. 577,606 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 2,307,187 shares. The stock had previously closed at C$6.98.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CS shares. Scotiabank decreased their price objective on Capstone Copper from C$12.00 to C$11.00 in a research note on Thursday, January 30th. Eight Capital boosted their target price on Capstone Copper from C$14.00 to C$15.00 in a report on Friday, November 22nd. CIBC boosted their target price on Capstone Copper from C$12.00 to C$12.50 in a research report on Monday, November 25th. National Bankshares decreased their target price on Capstone Copper from C$11.50 to C$11.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group reduced their price objective on Capstone Copper from C$14.00 to C$12.50 in a research report on Monday, November 25th. Thirteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Capstone Copper currently has a consensus rating of “Buy” and a consensus target price of C$12.38.

Capstone Copper Trading Up 2.0 %

The company has a debt-to-equity ratio of 44.16, a quick ratio of 0.98 and a current ratio of 0.94. The business has a fifty day simple moving average of C$8.42 and a 200 day simple moving average of C$9.24. The company has a market cap of C$4.26 billion, a P/E ratio of -204.04, a P/E/G ratio of -0.09 and a beta of 2.14.

Capstone Copper Company Profile

Capstone Copper Corp is a company that mines, explores, and develops mineral properties in the Americas. Specifically, the group has operating mines in the US, Mexico, and Canada, and development projects in Chile and Canada. Capstone’s main focus is copper, but the company also produces zinc, lead, molybdenum, silver, and gold.