Capstone Copper (TSE:CS) Price Target Increased to C$13.00 by Analysts at Canaccord Genuity Group

Capstone Copper (TSE:CS) had its target price lifted by Canaccord Genuity Group from C$9.50 to C$13.00 in a report released on Wednesday morning, BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.

Other analysts have also recently issued reports about the stock. CIBC lifted their target price on shares of Capstone Copper from C$8.00 to C$10.50 and gave the stock an outperform rating in a research note on Wednesday. National Bankshares lifted their price objective on shares of Capstone Copper from C$8.25 to C$8.75 in a research note on Thursday, January 25th. BMO Capital Markets lifted their price objective on shares of Capstone Copper from C$7.50 to C$8.00 in a research note on Friday, February 23rd. Stifel Nicolaus set a C$9.00 price objective on shares of Capstone Copper and gave the company a buy rating in a research note on Tuesday, March 26th. Finally, Stifel Canada restated a buy rating on shares of Capstone Copper in a research note on Monday, March 25th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of Buy and an average target price of C$9.38.

Capstone Copper Stock Down 1.6 %

Shares of Capstone Copper stock opened at C$9.50 on Wednesday. The firm’s 50 day moving average price is C$8.00 and its 200-day moving average price is C$6.54. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 44.25. Capstone Copper has a 52-week low of C$4.40 and a 52-week high of C$9.80. The company has a market cap of C$7.15 billion, a P/E ratio of -45.24, a PEG ratio of -0.09 and a beta of 2.32.

Capstone Copper (TSE:CS) last released its earnings results on Thursday, February 22nd. The mining company reported C$0.02 EPS for the quarter, hitting analysts’ consensus estimates of C$0.02. The company had revenue of C$481.57 million during the quarter. Capstone Copper had a negative net margin of 7.56% and a negative return on equity of 3.99%. On average, sell-side analysts predict that Capstone Copper will post 0.3505466 EPS for the current fiscal year.

Insider Activity at Capstone Copper

In related news, Director Darren Murvin Pylot sold 83,600 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$8.14, for a total value of C$680,228.12. In related news, Director Gordon James Bell purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average price 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 transaction of C$680,228.12. Company insiders own 17.24% of the company’s stock.

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.