Eight Capital Raises Capstone Copper (TSE:CS) Price Target to C$12.50

Capstone Copper (TSE:CS) had its price objective hoisted by Eight Capital from C$11.00 to C$12.50 in a report published on Friday, BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.

Several other research firms have also weighed in on CS. National Bankshares increased their price target on shares of Capstone Copper from C$8.25 to C$8.75 in a research report on Thursday, January 25th. BMO Capital Markets increased their target price on shares of Capstone Copper from C$10.50 to C$11.00 and gave the company an outperform rating in a research report on Friday. CIBC lifted their price target on shares of Capstone Copper from C$8.00 to C$10.50 and gave the stock an outperform rating in a report on Wednesday, April 17th. Stifel Nicolaus set a C$9.00 price objective on Capstone Copper and gave the company a buy rating in a report on Tuesday, March 26th. Finally, TD Securities boosted their target price on Capstone Copper from C$8.50 to C$9.00 and gave the company a buy rating in a research note on Friday, February 23rd. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Capstone Copper has a consensus rating of Buy and an average target price of C$11.25.

Capstone Copper Price Performance

Capstone Copper stock opened at C$10.55 on Friday. The stock has a market cap of C$7.94 billion, a P/E ratio of -50.24, a P/E/G ratio of -0.09 and a beta of 2.36. 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 company’s 50 day moving average price is C$8.60 and its two-hundred day moving average price is C$6.89. Capstone Copper has a 52 week low of C$4.40 and a 52 week high of C$10.59.

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

Insider Activity

In other news, Director Gordon James Bell purchased 20,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of C$7.06 per share, with a total value of C$141,140.00. In other news, Director Gordon James Bell purchased 20,000 shares of Capstone Copper stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average cost 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 company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$8.14, for a total transaction of C$680,228.12. 15.95% of the stock is owned by company 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.