Capstone Copper (TSE:CS) Price Target Lowered to C$12.50 at Canaccord Genuity Group

Capstone Copper (TSE:CS) had its price objective reduced by Canaccord Genuity Group from C$14.00 to C$12.50 in a research note issued to investors on Monday morning,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on CS. Royal Bank of Canada decreased 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 research note on Tuesday, September 10th. Eight Capital upped their price objective on Capstone Copper from C$14.00 to C$15.00 in a research report on Friday. National Bankshares increased their target price on Capstone Copper from C$12.75 to C$13.75 and gave the company an “outperform” rating in a report on Tuesday, October 15th. TD Securities boosted their price target on Capstone Copper from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, BMO Capital Markets increased their price objective on shares of Capstone Copper from C$11.00 to C$11.50 in a research note on Friday, August 2nd. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat, Capstone Copper presently has an average rating of “Buy” and an average target price of C$12.84.

Capstone Copper Trading Down 2.0 %

Shares of TSE:CS opened at C$9.84 on Monday. Capstone Copper has a 1 year low of C$5.26 and a 1 year high of C$11.51. The stock’s fifty day moving average price is C$10.15 and its 200-day moving average price is C$9.74. The company has a market cap of C$7.41 billion, a P/E ratio of -46.86, a PEG ratio of -0.09 and a beta of 2.14. 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 (TSE:CS) last announced its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share (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 analysts’ expectations of C$612.00 million. Sell-side analysts expect that Capstone Copper will post 0.8541833 earnings per share for the current year.

Insider Buying and Selling

In other Capstone Copper news, Director Darren Murvin Pylot sold 500,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$10.50, for a total value of C$5,249,450.00. Also, Director Humberto Antonio Fernandois sold 60,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$9.25, for a total value of C$554,880.00. In the last ninety days, insiders sold 974,079 shares of company stock valued at $10,016,304. 15.37% of the stock is owned by corporate insiders.

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.