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

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

CS has been the subject of a number of other reports. Raymond James set a C$12.00 price target on Capstone Copper and gave the stock an “outperform” rating in a research note on Tuesday, September 3rd. Eight Capital raised their price target on shares of Capstone Copper from C$14.00 to C$15.00 in a research note on Friday, November 22nd. Canaccord Genuity Group reduced their target price on shares of Capstone Copper from C$15.00 to C$14.00 in a research report on Monday, November 4th. Royal Bank of Canada dropped their price objective on 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. Finally, Scotiabank raised their price objective on Capstone Copper from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$12.84.

Capstone Copper Stock Performance

TSE CS opened at C$9.46 on Monday. The business’s 50 day moving average price is C$10.18 and its 200-day moving average price is C$9.73. Capstone Copper has a fifty-two week low of C$5.28 and a fifty-two week high of C$11.51. The company has a market cap of C$7.12 billion, a P/E ratio of -45.81, a P/E/G ratio of -0.09 and a beta of 2.14. The company has a debt-to-equity ratio of 40.10, a quick ratio of 0.98 and a current ratio of 0.94.

Capstone Copper (TSE:CS) last posted its quarterly earnings data on Thursday, October 31st. The mining company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). The firm had revenue of C$572.14 million for the quarter, compared to the consensus estimate 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 predict that Capstone Copper will post 0.8541833 earnings per share for the current year.

Insider Transactions at Capstone Copper

In other news, Director Darren Murvin Pylot sold 500,000 shares of Capstone Copper stock in a transaction that occurred on Friday, November 8th. The shares were 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 stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$9.25, for a total transaction of C$554,880.00. In the last three months, insiders sold 974,079 shares of company stock valued at $10,016,304. Corporate 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.