Capstone Copper (TSE:CS) Price Target Raised to C$14.00 at Jefferies Financial Group

Capstone Copper (TSE:CS) had its target price raised by stock analysts at Jefferies Financial Group from C$13.00 to C$14.00 in a report released on Friday, BayStreet.CA reports. Jefferies Financial Group’s target price would suggest a potential upside of 32.70% from the stock’s current price.

A number of other research firms have also recently commented on CS. Eight Capital increased their price target on Capstone Copper from C$12.50 to C$14.00 in a research note on Thursday. National Bankshares upped their target price on Capstone Copper from C$11.50 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. Stifel Canada reaffirmed a “buy” rating on shares of Capstone Copper in a research report on Monday, March 25th. Canaccord Genuity Group raised their price objective on Capstone Copper from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Finally, Royal Bank of Canada upped their target price on 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. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$12.20.

Capstone Copper Stock Up 6.0 %

Shares of TSE:CS traded up C$0.60 during trading on Friday, reaching C$10.55. The stock had a trading volume of 1,024,927 shares, compared to its average volume of 2,124,889. The firm’s 50-day simple moving average is C$9.95 and its 200 day simple moving average is C$8.40. 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 one year low of C$4.40 and a one year high of C$11.51. The company has a market capitalization of C$7.94 billion, a P/E ratio of -50.19, a PEG ratio of -0.09 and a beta of 2.34.

Capstone Copper (TSE:CS) last announced its earnings results on Thursday, May 2nd. The mining company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$458.23 million during the quarter, compared to analyst estimates of C$461.99 million. Capstone Copper had a negative net margin of 6.41% and a negative return on equity of 3.13%. As a group, research analysts expect that Capstone Copper will post 0.3624779 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Jerrold Annett sold 29,659 shares of Capstone Copper stock in a transaction dated 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 the firm’s stock in a transaction dated 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 Capstone Copper stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of C$10.30, for a total value of C$515,125.00. Over the last ninety days, insiders sold 239,659 shares of company stock worth $2,514,835. Company insiders own 15.89% 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.