Capstone Copper (TSE:CS) Hits New 1-Year High Following Analyst Upgrade

Capstone Copper Corp. (TSE:CS)’s stock price reached a new 52-week high during mid-day trading on Monday after National Bankshares raised their price target on the stock from C$10.50 to C$11.50. National Bankshares currently has an outperform rating on the stock. Capstone Copper traded as high as C$10.59 and last traded at C$10.55, with a volume of 3807720 shares changing hands. The stock had previously closed at C$9.95.

Other analysts have also recently issued research reports about the stock. CIBC increased their price objective 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. BMO Capital Markets raised 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 research note on Friday, May 3rd. Jefferies Financial Group set a C$13.00 price objective on Capstone Copper and gave the stock a “buy” rating in a research report on Friday, May 3rd. TD Securities raised their target price on Capstone Copper from C$8.50 to C$9.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Eight Capital boosted their price target on Capstone Copper from C$11.00 to C$12.50 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$11.25.

Insider Buying and Selling

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

Capstone Copper Price Performance

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$7.81 billion, a PE ratio of -49.43, a P/E/G ratio of -0.09 and a beta of 2.36. The stock’s 50-day moving average is C$8.66 and its 200 day moving average is C$6.93.

Capstone Copper (TSE:CS) last issued its earnings results on Thursday, February 22nd. The mining company reported C$0.02 EPS for the quarter, meeting analysts’ consensus estimates of C$0.02. The firm 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%. As a group, equities analysts predict that Capstone Copper Corp. will post 0.3335667 earnings per share for the current year.

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.