Capstone Copper (TSE:CS) PT Raised to C$12.00

Capstone Copper (TSE:CS) had its price objective boosted by equities research analysts at CIBC from C$10.50 to C$12.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. CIBC’s price target suggests a potential upside of 24.87% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Eight Capital boosted their price objective on Capstone Copper from C$11.00 to C$12.50 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Royal Bank of Canada boosted their price objective on 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. Canaccord Genuity Group boosted 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. Stifel Canada reissued a “buy” rating on shares of Capstone Copper in a research note on Monday, March 25th. Finally, BMO Capital Markets boosted their price objective on Capstone Copper from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, Capstone Copper currently has an average rating of “Buy” and an average target price of C$11.95.

Capstone Copper Price Performance

TSE:CS opened at C$9.61 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 37.44. The company has a market capitalization of C$7.23 billion, a P/E ratio of -45.76, a P/E/G ratio of -0.09 and a beta of 2.34. Capstone Copper has a 12 month low of C$4.40 and a 12 month high of C$11.51. The business’s 50-day moving average is C$9.82 and its 200 day moving average is C$8.03.

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

Insider Activity

In related news, Director Darren Murvin Pylot sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$10.75, for a total value of C$1,075,460.00. In related news, Director Darren Murvin Pylot sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$10.75, for a total value of C$1,075,460.00. Also, Director John Mackenzie sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of C$10.30, for a total value of C$515,125.00. 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.