Capstone Copper (TSE:CS) Given New C$11.00 Price Target at Scotiabank

Capstone Copper (TSE:CS) had its target price lowered by research analysts at Scotiabank from C$12.00 to C$11.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 24.15% from the company’s current price.

Several other analysts have also recently commented on CS. Eight Capital raised their target price on Capstone Copper from C$14.00 to C$15.00 in a research report on Friday, November 22nd. National Bankshares lifted their target price on Capstone Copper from C$12.75 to C$13.75 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Paradigm Capital set a C$12.00 price target on shares of Capstone Copper and gave the stock a “buy” rating in a research report on Thursday, November 28th. TD Securities boosted their price objective on shares of Capstone Copper from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Canaccord Genuity Group cut their target price on shares of Capstone Copper from C$14.00 to C$12.50 in a research report on Monday, November 25th. Thirteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$12.60.

Capstone Copper Price Performance

Shares of CS stock traded down C$0.23 during mid-day trading on Tuesday, hitting C$8.86. 1,647,735 shares of the stock traded hands, compared to its average volume of 1,722,550. Capstone Copper has a twelve month low of C$5.99 and a twelve month high of C$11.51. The company has a debt-to-equity ratio of 40.10, a quick ratio of 0.98 and a current ratio of 0.94. The company’s 50-day simple moving average is C$9.24 and its 200-day simple moving average is C$9.51. The firm has a market cap of C$6.67 billion, a price-to-earnings ratio of -42.19, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14.

Capstone Copper (TSE:CS) last released its earnings results on Thursday, October 31st. The mining company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). The business had revenue of C$572.14 million during the quarter, compared to the consensus estimate of C$612.00 million. Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. As a group, equities research analysts expect that Capstone Copper will post 0.8541833 earnings per share for the current year.

Insider Buying and Selling

In other Capstone Copper news, Director Darren Murvin Pylot sold 500,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$10.50, for a total value of C$5,249,450.00. Also, Director John Mackenzie sold 49,000 shares of Capstone Copper stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$9.65, for a total value of C$473,075.40. Insiders sold 843,250 shares of company stock worth $8,656,280 in the last quarter. 15.37% of the stock is owned by corporate insiders.

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.