Capstone Copper (TSE:CS) PT Raised to C$13.00

Capstone Copper (TSE:CS) had its target price hoisted by equities researchers at Scotiabank from C$12.00 to C$13.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. Scotiabank’s price objective would indicate a potential upside of 22.53% from the company’s previous close.

CS has been the topic of several other research reports. TD Securities raised their price objective on shares of Capstone Copper from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Wednesday. Jefferies Financial Group increased their price target on shares of Capstone Copper from C$13.00 to C$14.00 in a research note on Friday, July 12th. Eight Capital lifted their price objective on shares of Capstone Copper from C$12.50 to C$14.00 in a research note on Thursday, July 11th. Stifel Nicolaus increased their target price on shares of Capstone Copper from C$11.50 to C$12.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Finally, Raymond James set a C$12.00 target price on Capstone Copper and gave the company an “outperform” rating in a report on Tuesday, September 3rd. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$12.75.

Capstone Copper Trading Down 2.7 %

Capstone Copper stock opened at C$10.61 on Wednesday. Capstone Copper has a 12 month low of C$4.40 and a 12 month high of C$11.51. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10. The stock has a market cap of C$7.99 billion, a P/E ratio of -54.55, a P/E/G ratio of -0.09 and a beta of 2.15. The company’s fifty day simple moving average is C$9.27 and its 200-day simple moving average is C$9.45.

Capstone Copper (TSE:CS) last issued its earnings results on Thursday, August 1st. The mining company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.02). Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%. The firm had revenue of C$537.85 million during the quarter, compared to analysts’ expectations of C$545.84 million. As a group, sell-side analysts forecast that Capstone Copper will post 0.8813421 EPS for the current fiscal year.

Insider Activity

In other Capstone Copper news, Director Darren Murvin Pylot sold 283,954 shares of Capstone Copper stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of C$9.96, for a total value of C$2,828,181.84. In other Capstone Copper news, Director Darren Murvin Pylot sold 283,954 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of C$9.96, for a total value of C$2,828,181.84. Also, Director Humberto Antonio Fernandois sold 29,906 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$9.26, for a total transaction of C$276,977.41. Over the last ninety days, insiders have sold 474,079 shares of company stock valued at $4,766,854. 15.41% of the stock is owned by insiders.

Capstone Copper Company Profile

Capstone Copper Corp. operates as a copper mining company in the United States, Chile, and Mexico. It primarily explores for copper, silver, zinc, and other metals. The company owns 100% interests in Pinto Valley copper mine located in the Arizona, the United States; Mantos Blancos copper-silver mine located in the Region of Antofagasta, Chile; Santo Domingo copper-iron-gold-cobalt project located in the Atacama region, Chile; and Cozamin copper-silver mine located in the Zacatecas, Mexico.