Capstone Copper (TSE:CS) Price Target Increased to C$11.50 by Analysts at BMO Capital Markets

Capstone Copper (TSE:CS) had its price objective hoisted by research analysts at BMO Capital Markets from C$11.00 to C$11.50 in a research note issued on Friday, BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 33.10% from the stock’s previous close.

Several other equities analysts also recently commented on the company. Eight Capital increased their target price on Capstone Copper from C$12.50 to C$14.00 in a research report on Thursday, July 11th. Jefferies Financial Group increased their target price on Capstone Copper from C$13.00 to C$14.00 in a research report on Friday, July 12th. Stifel Nicolaus increased their price target on Capstone Copper from C$11.50 to C$12.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Canaccord Genuity Group increased their price target on Capstone Copper from C$13.00 to C$14.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Scotiabank increased their price target on Capstone Copper from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, Capstone Copper presently has a consensus rating of “Buy” and an average price target of C$12.73.

Capstone Copper Price Performance

Shares of TSE:CS traded down C$0.23 during trading on Friday, reaching C$8.64. 2,431,176 shares of the company traded hands, compared to its average volume of 2,197,322. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 37.44. Capstone Copper has a 52 week low of C$4.40 and a 52 week high of C$11.51. The firm has a market capitalization of C$6.50 billion, a PE ratio of -41.05, a PEG ratio of -0.09 and a beta of 2.34. The company’s 50 day moving average is C$9.57 and its two-hundred day moving average is C$8.69.

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

Insiders Place Their Bets

In other Capstone Copper news, Senior Officer Jerrold Annett sold 29,659 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$11.35, for a total value of C$336,484.32. In other news, Senior Officer Jerrold Annett sold 29,659 shares of Capstone Copper stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$11.35, for a total value of C$336,484.32. Also, Director Darren Murvin Pylot sold 60,000 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$9.80, for a total value of C$587,766.00. Insiders sold 239,659 shares of company stock valued at $2,514,835 over the last ninety days. 15.89% of the stock is currently owned by insiders.

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.