Capstone Copper (TSE:CS) Trading Down 6.9%

Capstone Copper Corp. (TSE:CSGet 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.

Capstone Copper (TSE:CSGet Rating) last posted its quarterly earnings results on Thursday, May 12th. The mining company reported C$0.18 EPS for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.06. The firm had revenue of C$339.59 million for the quarter. On average, analysts expect that Capstone Copper Corp. will post 0.7069197 EPS for the current fiscal year.

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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