Canaccord Genuity Group Boosts Capstone Copper (TSE:CS) Price Target to C$13.00

Capstone Copper (TSE:CS) had its price target boosted by Canaccord Genuity Group from C$9.50 to C$13.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the mining company’s stock.

Other analysts have also issued research reports about the company. Stifel Canada reaffirmed a buy rating on shares of Capstone Copper in a research note on Monday, March 25th. National Bankshares upped their target price on Capstone Copper from C$8.25 to C$8.75 in a research note on Thursday, January 25th. TD Securities upped their target price on Capstone Copper from C$8.50 to C$9.00 and gave the stock a buy rating in a research note on Friday, February 23rd. BMO Capital Markets upped their target price on Capstone Copper from C$7.50 to C$8.00 in a research note on Friday, February 23rd. Finally, CIBC increased their price objective on Capstone Copper from C$8.00 to C$10.50 and gave the company an outperform rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of C$9.38.

Capstone Copper Stock Down 1.6 %

CS stock opened at C$9.50 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 44.25. The company’s 50 day moving average is C$8.00 and its 200 day moving average is C$6.54. The stock has a market cap of C$7.15 billion, a price-to-earnings ratio of -45.24, a price-to-earnings-growth ratio of -0.09 and a beta of 2.32. Capstone Copper has a 1-year low of C$4.40 and a 1-year high of C$9.80.

Capstone Copper (TSE:CS) last posted its quarterly earnings data on Thursday, February 22nd. The mining company reported C$0.02 earnings per share for the quarter, hitting the consensus estimate of C$0.02. The company had revenue of C$481.57 million for the quarter. Capstone Copper had a negative net margin of 7.56% and a negative return on equity of 3.99%. Sell-side analysts predict that Capstone Copper will post 0.3505466 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Darren Murvin Pylot sold 83,600 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$8.14, for a total value of C$680,228.12. In other Capstone Copper news, Director Gordon James Bell purchased 20,000 shares of the company’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. Also, Director Darren Murvin Pylot sold 83,600 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$8.14, for a total value of C$680,228.12. 17.24% of the stock is currently owned by insiders.

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.