Paradigm Capital Reiterates “C$12.00” Price Target for Capstone Copper (TSE:CS)

Paradigm Capital set a C$12.00 price objective on Capstone Copper (TSE:CS) in a report issued on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the mining company’s stock.

Several other research analysts have also commented on the company. Scotiabank raised their price objective on Capstone Copper from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Raymond James set a C$12.00 price target on Capstone Copper and gave the stock an “outperform” rating in a report on Tuesday, September 3rd. Royal Bank of Canada dropped their price objective on shares of Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Canaccord Genuity Group decreased their target price on shares of Capstone Copper from C$14.00 to C$12.50 in a research note on Monday, November 25th. Finally, BMO Capital Markets lifted their price target on shares of Capstone Copper from C$11.00 to C$11.50 in a research note on Friday, August 2nd. Thirteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Capstone Copper currently has an average rating of “Buy” and an average price target of C$12.77.

Capstone Copper Trading Up 2.7 %

Shares of Capstone Copper stock opened at C$9.68 on Thursday. The company has a debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98. Capstone Copper has a 1 year low of C$5.37 and a 1 year high of C$11.51. The business has a 50 day moving average price of C$10.18 and a 200 day moving average price of C$9.71. The company has a market capitalization of C$7.29 billion, a P/E ratio of -46.10, a P/E/G ratio of -0.09 and a beta of 2.14.

Capstone Copper (TSE:CS) last posted its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.07). The business 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%. Sell-side analysts anticipate that Capstone Copper will post 0.8541833 EPS for the current fiscal year.

Insider Buying and Selling at Capstone Copper

In other Capstone Copper news, Director Darren Murvin Pylot sold 100,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$11.05, for a total value of C$1,104,990.00. Also, Director Humberto Antonio Fernandois sold 60,000 shares of Capstone Copper stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$9.25, for a total transaction of C$554,880.00. In the last 90 days, insiders have sold 1,224,079 shares of company stock valued at $12,525,254. 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.