CIBC reiterated their outperform rating on shares of Capstone Mining Corp (TSE:CS) in a research report released on Friday morning. CIBC currently has a C$2.00 target price on the mining company’s stock.
A number of other research firms also recently commented on CS. Eight Capital restated a buy rating on shares of Capstone Mining Corp in a research note on Thursday, August 17th. National Bank Financial increased their price objective on shares of Capstone Mining Corp from C$1.45 to C$1.60 and gave the stock a sector perform rating in a research note on Tuesday, August 1st. Scotiabank restated an outperform rating and set a C$1.50 price objective on shares of Capstone Mining Corp in a research note on Tuesday, August 1st. Finally, BMO Capital Markets reduced their price objective on shares of Capstone Mining Corp from C$2.00 to C$1.80 and set an outperform rating for the company in a research note on Tuesday, August 1st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of C$1.61.
Shares of Capstone Mining Corp (TSE CS) opened at 1.33 on Friday. Capstone Mining Corp has a 52-week low of $0.68 and a 52-week high of $1.81. The firm’s market cap is $520.44 million. The company’s 50-day moving average price is $1.28 and its 200-day moving average price is $1.12.
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In related news, insider Grm Investments Ltd. purchased 500,000 shares of the stock in a transaction on Thursday, June 22nd. The shares were purchased at an average cost of C$0.81 per share, with a total value of C$405,000.00. Also, Director Manuel Arturo Estrada sold 23,958 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of C$1.46, for a total transaction of C$34,978.68.
About Capstone Mining Corp
Capstone Mining Corp. is a Canada-based mining company. The Company is engaged in the production of and exploration for base metals in the United States, Mexico, Canada and Chile, with a focus on copper. The Company’s segments include individual mining operations of Pinto Valley (the United States), Cozamin (Mexico), Minto (Canada), Santo Domingo development project (Chile) and other.
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