Capstone Copper (TSE:CS) Given a C$12.00 Price Target at Paradigm Capital

Capstone Copper (TSE:CS) has been assigned a C$12.00 target price by stock analysts at Paradigm Capital in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. Paradigm Capital’s price objective would indicate a potential upside of 27.93% from the company’s previous close.

A number of other equities research analysts also recently issued reports on CS. TD Securities lifted their price target 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. Raymond James set a C$12.00 price target on shares of Capstone Copper and gave the company an “outperform” rating in a research report on Tuesday, September 3rd. Scotiabank lifted their price objective on Capstone Copper from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. National Bankshares lifted their price objective on Capstone Copper from C$12.75 to C$13.75 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Finally, CIBC lifted their price objective on Capstone Copper from C$12.00 to C$12.50 in a research report on Monday. Thirteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$12.77.

Capstone Copper Stock Performance

Shares of CS stock traded down C$0.08 during mid-day trading on Thursday, hitting C$9.38. 407,581 shares of the stock were exchanged, compared to its average volume of 2,247,210. The stock’s fifty day simple moving average is C$10.18 and its two-hundred day simple moving average is C$9.72. The stock has a market capitalization of C$7.06 billion, a price-to-earnings ratio of -44.71, a P/E/G ratio of -0.09 and a beta of 2.14. Capstone Copper has a 12-month low of C$5.37 and a 12-month high of C$11.51. The company has a debt-to-equity ratio of 40.10, a quick ratio of 0.98 and a current ratio of 0.94.

Capstone Copper (TSE:CS) last released its quarterly earnings results 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). The company had revenue of C$572.14 million for the quarter, compared to analysts’ expectations of C$612.00 million. Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. On average, analysts forecast that Capstone Copper will post 0.8541833 EPS for the current year.

Insider Activity

In related news, Director Darren Murvin Pylot sold 500,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$10.50, for a total transaction of C$5,249,450.00. Also, Director Humberto Antonio Fernandois sold 60,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$9.25, for a total transaction of C$554,880.00. In the last 90 days, insiders have sold 974,079 shares of company stock worth $10,016,304. 15.37% of the stock is owned by corporate 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.