Capstone Copper (TSE:CS) Price Target Raised to C$12.00

Capstone Copper (TSE:CS) had its price target boosted by Stifel Nicolaus from C$11.50 to C$12.00 in a report released on Monday, BayStreet.CA reports. The brokerage currently has a buy rating on the mining company’s stock.

A number of other equities analysts also recently commented on the stock. TD Securities upped their target price on shares of Capstone Copper from C$11.00 to C$12.00 in a research note on Monday. Jefferies Financial Group upped their target price on shares of Capstone Copper from C$13.00 to C$14.00 in a research note on Friday, July 12th. Canaccord Genuity Group increased their price objective on shares of Capstone Copper from C$13.00 to C$14.00 and gave the company a buy rating in a research note on Monday, May 13th. Scotiabank increased their price objective on shares of Capstone Copper from C$12.50 to C$13.00 and gave the company an outperform rating in a research note on Monday, July 15th. Finally, BMO Capital Markets increased their price objective on shares of Capstone Copper from C$10.50 to C$11.00 and gave the company an outperform rating in a research note on Friday, May 3rd. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus price target of C$12.68.

Capstone Copper Price Performance

Shares of CS stock opened at C$8.74 on Monday. The company has a debt-to-equity ratio of 37.44, a current ratio of 1.03 and a quick ratio of 0.98. The company has a market capitalization of C$6.58 billion, a P/E ratio of -41.62, a P/E/G ratio of -0.09 and a beta of 2.34. The company’s 50-day simple moving average is C$9.81 and its two-hundred day simple moving average is C$8.60. Capstone Copper has a one year low of C$4.40 and a one year high of C$11.51.

Capstone Copper (TSE:CS) last issued its earnings results on Thursday, May 2nd. The mining company reported C($0.01) EPS for the quarter. The company had revenue of C$458.23 million during the quarter, compared to the consensus estimate of C$461.99 million. Capstone Copper had a negative return on equity of 3.13% and a negative net margin of 6.41%. As a group, equities analysts anticipate that Capstone Copper will post 0.3624779 EPS for the current year.

Insider Activity at Capstone Copper

In related news, Senior Officer Jerrold Annett sold 29,659 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$11.35, for a total transaction of C$336,484.32. In other Capstone Copper news, Director Darren Murvin Pylot sold 100,000 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of C$10.75, for a total value of C$1,075,460.00. Also, Senior Officer Jerrold Annett sold 29,659 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$11.35, for a total transaction of C$336,484.32. Insiders sold 239,659 shares of company stock valued at $2,514,835 over the last 90 days. Insiders own 15.89% of the company’s stock.

Capstone Copper Company Profile

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.