Capstone Copper Corp. (TSE:CS – Get Rating) shares dropped 9% during mid-day trading on Friday . The company traded as low as C$2.92 and last traded at C$2.94. Approximately 235,560 shares traded hands during trading, a decline of 85% from the average daily volume of 1,539,817 shares. The stock had previously closed at C$3.23.
Analysts Set New Price Targets
Several research analysts recently issued reports on CS shares. Royal Bank of Canada reduced their target price on Capstone Copper from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 9th. National Bankshares lowered their price target on Capstone Copper from C$4.50 to C$4.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 19th. CIBC cut their price target on Capstone Copper from C$7.50 to C$6.25 in a report on Wednesday, July 20th. Finally, Scotiabank dropped their price objective on Capstone Copper from C$7.50 to C$5.00 in a research note on Thursday, July 7th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$7.16.
Capstone Copper Stock Down 9.0 %
The company has a market cap of C$2.03 billion and a price-to-earnings ratio of 5.88. The business’s 50 day simple moving average is C$2.98 and its 200-day simple moving average is C$4.55. The company has a debt-to-equity ratio of 17.76, a quick ratio of 1.03 and a current ratio of 1.49.
Capstone Copper Company Profile
Capstone Copper Corp. operates as a copper mining company with focus on the Americas. It owns and operates the Pinto Valley copper mine located in Arizona, the United States; the Cozamin copper-silver mine located in Zacatecas, Mexico; the Mantos Blancos copper-silver mine located in the Antofagasta region, Chile; and 70% of the Mantoverde copper-gold mine located in the Atacama region, Chile.
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