Capstone Copper (TSE:CS) Price Target Cut to C$11.00 by Analysts at National Bankshares

Capstone Copper (TSE:CS) had its target price reduced by National Bankshares from C$11.50 to C$11.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. National Bankshares’ target price indicates a potential upside of 29.72% from the stock’s current price.

A number of other research analysts have also issued reports on CS. Eight Capital upped their target price on shares of Capstone Copper from C$14.00 to C$15.00 in a report on Friday, November 22nd. Citigroup upgraded shares of Capstone Copper to a “strong-buy” rating in a report on Wednesday, December 11th. Canaccord Genuity Group cut their price objective on shares of Capstone Copper from C$14.00 to C$12.50 in a report on Monday, November 25th. Paradigm Capital set a C$12.00 price objective on shares of Capstone Copper and gave the stock a “buy” rating in a report on Thursday, November 28th. Finally, CIBC increased their price objective on shares of Capstone Copper from C$12.00 to C$12.50 in a 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 stock. According to data from MarketBeat.com, Capstone Copper presently has an average rating of “Buy” and an average target price of C$12.38.

Capstone Copper Trading Up 0.8 %

TSE:CS traded up C$0.07 on Thursday, reaching C$8.48. The stock had a trading volume of 535,894 shares, compared to its average volume of 1,993,606. The company has a market cap of C$6.38 billion, a price-to-earnings ratio of -40.38, a P/E/G ratio of -0.09 and a beta of 2.14. The company has a debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98. The firm’s fifty day moving average is C$9.03 and its two-hundred day moving average is C$9.41. Capstone Copper has a 12-month low of C$6.23 and a 12-month high of C$11.51.

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

Insider Buying and Selling at Capstone Copper

In related news, Director John Mackenzie sold 49,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$9.65, for a total value of C$473,075.40. Also, Director Darren Murvin Pylot sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of C$10.04, for a total transaction of C$2,508,950.00. Over the last 90 days, insiders have sold 843,250 shares of company stock worth $8,656,280. 15.37% of the stock is owned by company 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.