Capstone Copper (TSE:CS) Reaches New 12-Month High at $10.05

Capstone Copper Corp. (TSE:CS) hit a new 52-week high on Friday . The company traded as high as C$10.05 and last traded at C$10.01, with a volume of 797230 shares trading hands. The stock had previously closed at C$9.62.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. National Bankshares upped their target price on Capstone Copper from C$8.25 to C$8.75 in a research report on Thursday, January 25th. TD Securities increased their price objective on shares of Capstone Copper from C$8.50 to C$9.00 and gave the company a “buy” rating 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 stock a “buy” rating in a report on Tuesday, March 26th. Canaccord Genuity Group upped their target price on shares of Capstone Copper from C$9.50 to C$13.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Finally, CIBC upped their price objective on Capstone Copper from C$8.00 to C$10.50 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, Capstone Copper currently has an average rating of “Buy” and an average target price of C$9.63.

Capstone Copper Stock Performance

The company has a market capitalization of C$7.81 billion, a price-to-earnings ratio of -48.90, a P/E/G ratio of -0.09 and a beta of 2.32. The stock has a 50 day simple moving average of C$8.22 and a 200 day simple moving average of C$6.64. 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 (TSE:CS) last issued its quarterly earnings data on Thursday, February 22nd. The mining company reported C$0.02 EPS for the quarter, hitting analysts’ consensus estimates of C$0.02. The firm had revenue of C$481.57 million during the quarter. Capstone Copper had a negative return on equity of 3.99% and a negative net margin of 7.56%. As a group, analysts anticipate that Capstone Copper Corp. will post 0.3505466 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Capstone Copper news, Director Darren Murvin Pylot sold 83,600 shares of the firm’s stock in a transaction that occurred 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 acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of C$7.06 per share, for a total transaction of C$141,140.00. Also, Director Darren Murvin Pylot sold 83,600 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$8.14, for a total transaction of C$680,228.12. Corporate 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.