Capstone Copper (TSE:CS) Price Target Raised to C$12.00

Capstone Copper (TSE:CSFree Report) had its target price increased by CIBC from C$10.50 to C$12.00 in a research report released on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the mining company’s stock.

A number of other equities research analysts have also commented on the stock. Eight Capital raised their price objective on shares of Capstone Copper from C$11.00 to C$12.50 and gave the stock a buy rating in a report on Friday, May 3rd. Stifel Nicolaus raised their price objective on shares of Capstone Copper from C$10.50 to C$11.50 and gave the stock a buy rating in a report on Thursday, May 30th. TD Securities raised their price objective on shares of Capstone Copper from C$8.50 to C$9.00 and gave the stock a buy rating in a report on Friday, February 23rd. BMO Capital Markets lifted 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. Finally, Stifel Canada reiterated a buy rating on shares of Capstone Copper in a research note on Monday, March 25th. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of Buy and an average target price of C$11.95.

Get Our Latest Stock Report on Capstone Copper

Capstone Copper Price Performance

Shares of Capstone Copper stock opened at C$9.61 on Thursday. Capstone Copper has a 1-year low of C$4.40 and a 1-year high of C$11.51. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 37.44. The firm’s 50-day moving average price is C$9.82 and its two-hundred day moving average price is C$8.05. The stock has a market capitalization of C$7.23 billion, a price-to-earnings ratio of -45.76, a P/E/G ratio of -0.09 and a beta of 2.34.

Capstone Copper (TSE:CSGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The mining company reported C($0.01) earnings per share (EPS) for the quarter. Capstone Copper had a negative net margin of 6.41% and a negative return on equity of 3.13%. The business had revenue of C$458.23 million during the quarter, compared to the consensus estimate of C$461.99 million. On average, equities analysts predict that Capstone Copper will post 0.3624779 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Darren Murvin Pylot sold 100,000 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of C$10.75, for a total value of C$1,075,460.00. In other Capstone Copper news, Director John Mackenzie sold 50,000 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of C$10.30, for a total transaction of C$515,125.00. Also, Director Darren Murvin Pylot sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$10.75, for a total transaction of C$1,075,460.00. 15.89% of the stock is currently owned by corporate insiders.

Capstone Copper Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Capstone Copper (TSE:CS)

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