Capstone Copper (TSE:CS) Price Target Raised to C$15.00

Capstone Copper (TSE:CS) had its target price upped by Eight Capital from C$14.00 to C$15.00 in a research note published on Friday,BayStreet.CA reports.

Several other research analysts have also weighed in on the company. Scotiabank increased their target price on Capstone Copper from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. National Bankshares increased their target price on Capstone Copper from C$12.75 to C$13.75 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Raymond James set a C$12.00 target price on Capstone Copper and gave the stock an “outperform” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada cut their target price on Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Finally, Canaccord Genuity Group cut their target price on Capstone Copper from C$15.00 to C$14.00 in a research report on Monday, November 4th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$12.93.

Capstone Copper Stock Performance

Shares of CS stock opened at C$10.04 on Friday. The stock has a 50 day simple moving average of C$10.15 and a 200-day simple moving average of C$9.74. The company has a market cap of C$7.56 billion, a price-to-earnings ratio of -47.81, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 40.10. Capstone Copper has a 12-month low of C$5.26 and a 12-month high of C$11.51.

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

Insider Activity

In related news, Director Humberto Antonio Fernandois sold 60,000 shares of Capstone Copper stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$9.25, for a total value of C$554,880.00. Also, Director Darren Murvin Pylot sold 100,000 shares of Capstone Copper stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$11.05, for a total value of C$1,104,990.00. Insiders sold 974,079 shares of company stock worth $10,016,304 over the last ninety days. Corporate insiders own 15.37% 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.