Capstone Mining (TSE:CS) had its price objective raised by investment analysts at BMO Capital Markets from C$1.15 to C$1.25 in a note issued to investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 68.92% from the company’s previous close.
Several other analysts have also issued reports on the stock. CIBC increased their price target on shares of Capstone Mining from C$0.90 to C$1.70 in a research report on Thursday, January 23rd. National Bank Financial increased their price target on shares of Capstone Mining from C$0.80 to C$1.10 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Finally, Cormark increased their price target on shares of Capstone Mining from C$1.00 to C$1.15 in a research report on Tuesday, January 28th.
TSE CS opened at C$0.74 on Thursday. The company has a current ratio of 2.42, a quick ratio of 1.03 and a debt-to-equity ratio of 24.82. The firm has a market capitalization of $296.03 million and a price-to-earnings ratio of -4.11. The firm’s 50 day simple moving average is C$0.77 and its 200 day simple moving average is C$0.61. Capstone Mining has a 1 year low of C$0.41 and a 1 year high of C$0.92.
In related news, Senior Officer Jason Paul Howe bought 50,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were purchased at an average price of C$0.58 per share, for a total transaction of C$29,000.00. Following the completion of the transaction, the insider now directly owns 808,390 shares of the company’s stock, valued at approximately C$468,866.20. Also, Director Darren Murvin Pylot bought 71,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average price of C$0.70 per share, for a total transaction of C$49,700.00. Following the transaction, the director now directly owns 2,620,822 shares of the company’s stock, valued at C$1,834,575.40. Insiders have purchased a total of 327,000 shares of company stock worth $197,640 in the last quarter.
About Capstone Mining
Capstone Mining Corp. engages in the exploration and production of base metals in the United States, Mexico, Canada, and Chile. The company explores for copper, molybdenum, silver, zinc, lead, iron, and gold deposits. It holds interests in the Pinto Valley, an open pit copper mine located in Arizona, the United States; and the Cozamin, an underground, copper-silver mine located in the state of Zacatecas, Mexico.
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