Royal Bank of Canada Raises Capstone Copper (TSE:CS) Price Target to C$12.00

Capstone Copper (TSE:CS) had its price target upped by Royal Bank of Canada from C$9.00 to C$12.00 in a report issued on Monday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the mining company’s stock.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group set a C$13.00 price objective on Capstone Copper and gave the stock a buy rating in a report on Friday, May 3rd. Canaccord Genuity Group raised their price objective on Capstone Copper from C$9.50 to C$13.00 and gave the stock a buy rating in a report on Wednesday, April 17th. Stifel Canada reaffirmed a buy rating on shares of Capstone Copper in a report on Monday, March 25th. Stifel Nicolaus set a C$9.00 price target on Capstone Copper and gave the stock a buy rating in a report on Tuesday, March 26th. Finally, CIBC raised their price target on Capstone Copper from C$8.00 to C$10.50 and gave the stock an outperform rating in a report on Wednesday, April 17th. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of C$11.25.

Capstone Copper Stock Down 2.7 %

Capstone Copper stock opened at C$10.10 on Monday. Capstone Copper has a 1-year low of C$4.40 and a 1-year high of C$10.59. The company has a debt-to-equity ratio of 44.25, a current ratio of 1.13 and a quick ratio of 0.98. The stock has a market cap of C$7.60 billion, a PE ratio of -48.10, a P/E/G ratio of -0.09 and a beta of 2.36. The stock’s fifty day moving average is C$8.73 and its two-hundred day moving average is C$6.95.

Capstone Copper (TSE:CS) last issued its quarterly earnings data on Thursday, February 22nd. The mining company reported C$0.02 earnings per share (EPS) 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 return on equity of 3.99% and a negative net margin of 7.56%. On average, sell-side analysts expect that Capstone Copper will post 0.3335667 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Darren Murvin Pylot sold 83,600 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$8.14, for a total transaction of C$680,228.12. In other news, Director Gordon James Bell acquired 20,000 shares of Capstone Copper stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average cost 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 business’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. 15.95% of the stock is currently owned by corporate 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.