Capstone Copper (TSE:CS) Price Target Raised to C$12.50 at CIBC

Capstone Copper (TSE:CS) had its target price raised by CIBC from C$12.00 to C$12.50 in a research report report published on Monday morning,BayStreet.CA reports.

Several other research analysts have also recently commented on CS. Royal Bank of Canada reduced their target price on shares of Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. BMO Capital Markets raised their price objective on Capstone Copper from C$11.00 to C$11.50 in a report on Friday, August 2nd. Eight Capital upped their target price on Capstone Copper from C$14.00 to C$15.00 in a report on Friday. Canaccord Genuity Group decreased their price target on Capstone Copper from C$15.00 to C$14.00 in a research note on Monday, November 4th. Finally, TD Securities upped their price objective on Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$12.84.

Capstone Copper Stock Down 2.0 %

Shares of CS stock opened at C$9.84 on Monday. The company has a market capitalization of C$7.41 billion, a price-to-earnings ratio of -46.86, a P/E/G ratio of -0.09 and a beta of 2.14. Capstone Copper has a 12-month low of C$5.26 and a 12-month high of C$11.51. The firm has a fifty day moving average of C$10.15 and a 200-day moving average of C$9.74. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10.

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

Insider Transactions at Capstone Copper

In other news, Director Humberto Antonio Fernandois sold 29,906 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$9.26, for a total value of C$276,977.41. Also, Director Darren Murvin Pylot sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$11.05, for a total transaction of C$1,104,990.00. Insiders sold a total of 974,079 shares of company stock worth $10,016,304 over the last quarter. Company insiders own 15.37% of the company’s stock.

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.