Raymond James Reiterates “C$12.00” Price Target for Capstone Copper (TSE:CS)

Raymond James set a C$12.00 price target on Capstone Copper (TSE:CS) in a research note published on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the mining company’s stock.

Other equities analysts have also recently issued reports about the company. CIBC increased their price target on Capstone Copper from C$10.50 to C$12.00 and gave the stock an outperform rating in a report on Thursday, June 20th. Royal Bank of Canada increased their target price on shares of Capstone Copper from C$9.00 to C$12.00 and gave the stock an outperform rating in a research note on Monday, May 6th. 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. TD Securities upped their price objective on shares of Capstone Copper from C$11.00 to C$12.00 in a report on Monday, July 22nd. Finally, Canaccord Genuity Group raised their target price 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. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of Buy and an average price target of C$12.57.

Capstone Copper Price Performance

Shares of TSE CS opened at C$8.38 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10. The company has a market capitalization of C$6.31 billion, a PE ratio of -41.90, a P/E/G ratio of -0.09 and a beta of 2.15. The firm has a fifty day simple moving average of C$9.32 and a 200 day simple moving average of C$9.13. Capstone Copper has a twelve month low of C$4.40 and a twelve month high of C$11.51.

Capstone Copper (TSE:CS) last posted its quarterly earnings data on Thursday, August 1st. The mining company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.02). Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. The business had revenue of C$537.85 million during the quarter, compared to the consensus estimate of C$545.84 million. On average, sell-side analysts forecast that Capstone Copper will post 0.8793284 EPS for the current year.

Insider Buying and Selling at Capstone Copper

In related news, Director Darren Murvin Pylot sold 60,000 shares of Capstone Copper stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$9.80, for a total transaction of C$587,766.00. Company insiders own 15.51% 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.