Capstone Copper (TSE:CS) Trading Down 2.9% – Here’s What Happened

Capstone Copper Corp. (TSE:CS)’s stock price was down 2.9% during mid-day trading on Tuesday . The stock traded as low as C$7.94 and last traded at C$7.97. Approximately 340,475 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 1,856,782 shares. The stock had previously closed at C$8.21.

Analyst Ratings Changes

Several research analysts have recently issued reports on CS shares. Canaccord Genuity Group decreased their price target on Capstone Copper from C$14.00 to C$12.50 in a research note on Monday, November 25th. Scotiabank decreased their target price on Capstone Copper from C$12.00 to C$11.00 in a research note on Tuesday, January 21st. CIBC raised their target price on Capstone Copper from C$12.00 to C$12.50 in a research note on Monday, November 25th. National Bankshares raised their target price on Capstone Copper from C$12.75 to C$13.75 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Finally, Citigroup raised Capstone Copper to a “strong-buy” rating in a research note on Wednesday, December 11th. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$12.60.

Capstone Copper Stock Performance

The firm has a market capitalization of C$5.97 billion, a PE ratio of -37.76, 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 current ratio of 0.94 and a quick ratio of 0.98. The firm has a fifty day moving average price of C$9.11 and a 200 day moving average price of C$9.44.

Capstone Copper (TSE:CS) last announced its quarterly earnings data on Thursday, October 31st. The mining company reported C$0.04 earnings per share (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 return on equity of 1.24% and a negative net margin of 1.47%. Research analysts anticipate that Capstone Copper Corp. will post 0.8541833 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Darren Murvin Pylot sold 44,250 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$9.60, for a total transaction of C$424,804.43. Also, Director John Mackenzie sold 49,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$9.65, for a total value of C$473,075.40. In the last ninety days, insiders sold 843,250 shares of company stock valued at $8,656,280. 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.