Capstone Copper (TSE:CS) Price Target Raised to C$11.00

Capstone Copper (TSE:CS) had its price objective boosted by Scotiabank from C$10.00 to C$11.00 in a research note issued to investors on Monday, BayStreet.CA reports. Scotiabank currently has an outperform rating on the mining company’s stock.

Several other brokerages have also issued reports on CS. BMO Capital Markets boosted their price target on shares of Capstone Copper from C$10.50 to C$11.00 and gave the company an outperform rating in a report on Friday, May 3rd. Canaccord Genuity Group upped their target price on shares of Capstone Copper from C$9.50 to C$13.00 and gave the company a buy rating in a research report on Wednesday, April 17th. Stifel Nicolaus set a C$9.00 target price on shares of Capstone Copper and gave the company a buy rating in a research note on Tuesday, March 26th. Stifel Canada reaffirmed a buy rating on shares of Capstone Copper in a report on Monday, March 25th. Finally, Royal Bank of Canada lifted their target price on Capstone Copper from C$9.00 to C$12.00 and gave the stock an outperform rating in a report on Monday. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of Buy and an average target price of C$11.25.

Capstone Copper Price Performance

TSE CS opened at C$10.56 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 44.25. The stock has a market capitalization of C$7.95 billion, a PE ratio of -50.29, a price-to-earnings-growth ratio of -0.09 and a beta of 2.36. The company has a 50 day moving average price of C$8.79 and a two-hundred day moving average price of C$6.98. Capstone Copper has a 12-month low of C$4.40 and a 12-month high of C$10.60.

Capstone Copper (TSE:CS) last issued its quarterly earnings data on Thursday, February 22nd. The mining company reported C$0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.02. Capstone Copper had a negative net margin of 7.56% and a negative return on equity of 3.99%. The business had revenue of C$481.57 million during the quarter. As a group, equities analysts predict that Capstone Copper will post 0.3335667 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Gordon James Bell acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average price of C$7.06 per share, with a total value of C$141,140.00. In related news, Director Gordon James Bell bought 20,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was acquired at an average price of C$7.06 per share, for a total transaction of C$141,140.00. Also, Director Darren Murvin Pylot sold 83,600 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$8.14, for a total value of C$680,228.12. 15.95% of the stock is currently owned by insiders.

About Capstone Copper

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.