Capstone Copper (TSE:CS) Price Target Raised to C$15.00

Capstone Copper (TSE:CS) had its price target upped by equities researchers at Eight Capital from C$14.00 to C$15.00 in a research note issued on Friday,BayStreet.CA reports. Eight Capital’s price objective suggests a potential upside of 50.30% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. Canaccord Genuity Group cut their price target on shares of Capstone Copper from C$15.00 to C$14.00 in a report on Monday, November 4th. Scotiabank raised their price target on Capstone Copper from C$12.00 to C$13.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Royal Bank of Canada decreased their price objective on shares of Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. TD Securities lifted their target price 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, October 2nd. Finally, Raymond James set a C$12.00 price objective on shares of Capstone Copper and gave the company an “outperform” rating in a research report on Tuesday, September 3rd. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$12.93.

Capstone Copper Stock Down 3.0 %

Shares of CS traded down C$0.31 during trading hours on Friday, hitting C$9.98. The stock had a trading volume of 1,221,722 shares, compared to its average volume of 2,244,465. The firm has a 50 day simple moving average of C$10.08 and a 200-day simple moving average of C$9.74. The firm has a market capitalization of C$7.51 billion, a P/E ratio of -47.52, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. The company has a debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98. Capstone Copper has a 1-year low of C$5.26 and a 1-year high of C$11.51.

Capstone Copper (TSE:CS) last issued its quarterly earnings data on Thursday, October 31st. The mining company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%. The business had revenue of C$572.14 million for the quarter, compared to analyst estimates of C$612.00 million. Sell-side analysts predict that Capstone Copper will post 0.8541833 EPS for the current fiscal year.

Insider Transactions at Capstone Copper

In other news, Director Darren Murvin Pylot sold 100,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$11.05, for a total value of C$1,104,990.00. Also, Director Humberto Antonio Fernandois sold 60,000 shares of Capstone Copper stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$9.25, for a total value of C$554,880.00. Over the last 90 days, insiders have sold 974,079 shares of company stock worth $10,016,304. Corporate insiders own 15.37% of the company’s stock.

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.