Capstone Copper Corp. (TSE:CS – Get Rating)’s stock price fell 6.9% during mid-day trading on Wednesday . The company traded as low as C$3.66 and last traded at C$3.90. 412,119 shares were traded during mid-day trading, a decline of 74% from the average session volume of 1,559,377 shares. The stock had previously closed at C$4.19.
Several research analysts have recently weighed in on CS shares. CIBC cut their price target on Capstone Copper from C$9.00 to C$8.00 in a research note on Wednesday, May 18th. Scotiabank increased their price objective on Capstone Copper from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a report on Tuesday, May 24th. Royal Bank of Canada dropped their price objective on Capstone Copper from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a report on Monday, May 16th. BMO Capital Markets dropped their price objective on Capstone Copper from C$8.00 to C$7.00 in a report on Monday, May 16th. Finally, TD Securities lowered their price target on Capstone Copper from C$9.00 to C$7.50 and set a “buy” rating on the stock in a report on Monday, May 16th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Capstone Copper has an average rating of “Moderate Buy” and an average target price of C$7.85.
The stock’s fifty day moving average is C$5.12 and its 200 day moving average is C$5.87. The company has a current ratio of 1.26, a quick ratio of 0.72 and a debt-to-equity ratio of 22.64. The company has a market capitalization of C$2.43 billion and a P/E ratio of 7.14.
In related news, Senior Officer Bradley Mercer sold 20,000 shares of the stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of C$5.02, for a total value of C$100,306.00. Following the completion of the transaction, the insider now directly owns 99,696 shares in the company, valued at approximately C$500,005.35.
Capstone Copper Company Profile (TSE:CS)
Capstone Copper Corp. operates as a copper mining company with focus on the Americas. It owns and operates the Pinto Valley copper mine located in Arizona, the United States; the Cozamin copper-silver mine located in Zacatecas, Mexico; the Mantos Blancos copper-silver mine located in the Antofagasta region, Chile; and 70% of the Mantoverde copper-gold mine located in the Atacama region, Chile.
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