Capstone Copper Corp. (TSE:CS) Given Average Recommendation of “Buy” by Brokerages

Shares of Capstone Copper Corp. (TSE:CS) have earned a consensus rating of “Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$12.77.

A number of analysts recently weighed in on the stock. Citigroup raised shares of Capstone Copper to a “strong-buy” rating in a report on Wednesday, December 11th. Scotiabank boosted 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. Royal Bank of Canada decreased their price target on Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Eight Capital boosted their price objective on Capstone Copper from C$14.00 to C$15.00 in a report on Friday, November 22nd. Finally, Paradigm Capital set a C$12.00 target price on shares of Capstone Copper and gave the company a “buy” rating in a research note on Thursday, November 28th.

Insider Buying and Selling

In related news, Director John Mackenzie sold 49,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$9.65, for a total transaction of C$473,075.40. Also, Director Darren Murvin Pylot sold 44,250 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$9.60, for a total transaction of C$424,804.43. Over the last 90 days, insiders sold 843,250 shares of company stock worth $8,656,280. 15.37% of the stock is owned by insiders.

Capstone Copper Price Performance

TSE CS opened at C$8.73 on Tuesday. Capstone Copper has a fifty-two week low of C$5.97 and a fifty-two week high of C$11.51. The stock’s 50-day moving average is C$9.58 and its two-hundred day moving average is C$9.57. The firm has a market cap of C$6.57 billion, a P/E ratio of -41.57, a price-to-earnings-growth 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 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). Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. The business had revenue of C$572.14 million during the quarter, compared to analyst estimates of C$612.00 million. On average, analysts anticipate that Capstone Copper will post 0.8541833 earnings per share for the current fiscal year.

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.