Capstone Copper (TSE:CS) PT Raised to C$13.00

Capstone Copper (TSE:CS) had its target price hoisted by Scotiabank from C$12.50 to C$13.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the mining company’s stock.

Several other equities analysts have also recently commented on the company. National Bankshares upped their price target on Capstone Copper from C$11.50 to C$12.00 and gave the company an outperform rating in a report on Monday, June 10th. Jefferies Financial Group lifted their price target on shares of Capstone Copper from C$13.00 to C$14.00 in a research note on Friday, July 12th. BMO Capital Markets increased their price objective 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. Royal Bank of Canada lifted their target price on shares of Capstone Copper from C$9.00 to C$12.00 and gave the company an outperform rating in a research report on Monday, May 6th. Finally, Canaccord Genuity Group increased their price target on shares of Capstone Copper from C$13.00 to C$14.00 and gave the stock a buy rating in a research report on Monday, May 13th. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of Buy and an average price target of C$12.33.

Capstone Copper Stock Down 5.8 %

CS opened at C$9.04 on Monday. The business has a 50 day moving average of C$9.91 and a 200-day moving average of C$8.51. The stock has a market capitalization of C$6.81 billion, a price-to-earnings ratio of -43.05, a P/E/G ratio of -0.09 and a beta of 2.34. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 37.44. Capstone Copper has a 1-year low of C$4.40 and a 1-year high of C$11.51.

Capstone Copper (TSE:CS) last issued its quarterly earnings results on Thursday, May 2nd. The mining company reported C($0.01) earnings per share for the quarter. Capstone Copper had a negative net margin of 6.41% and a negative return on equity of 3.13%. The company had revenue of C$458.23 million during the quarter, compared to the consensus estimate of C$461.99 million. As a group, sell-side analysts anticipate that Capstone Copper will post 0.3624779 earnings per share for the current year.

Insider Activity at Capstone Copper

In related news, Director John Mackenzie sold 50,000 shares of Capstone Copper stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of C$10.30, for a total value of C$515,125.00. In related news, Senior Officer Jerrold Annett sold 29,659 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$11.35, for a total value of C$336,484.32. Also, Director John Mackenzie sold 50,000 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of C$10.30, for a total value of C$515,125.00. Insiders sold 239,659 shares of company stock valued at $2,514,835 in the last three months. Corporate insiders own 15.89% of the company’s stock.

About Capstone Copper

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.