Capstone Copper (TSE:CS) Stock Price Crosses Above 200 Day Moving Average After Earnings Miss

Capstone Copper Corp. (TSE:CS)’s share price passed above its two hundred day moving average during trading on Friday following a stronger than expected earnings report. The stock has a two hundred day moving average of C$9.70 and traded as high as C$9.87. Capstone Copper shares last traded at C$9.74, with a volume of 2,475,063 shares.

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 business had revenue of C$572.14 million during the quarter, compared to analyst estimates of C$612.00 million. Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%.

Wall Street Analyst Weigh In

CS has been the topic of several research analyst reports. Scotiabank raised their price objective on Capstone Copper from C$12.00 to C$13.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. National Bankshares boosted their price target on shares of Capstone Copper from C$12.75 to C$13.75 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Raymond James set a C$12.00 price objective on shares of Capstone Copper and gave the company an “outperform” rating in a report on Tuesday, September 3rd. Jefferies Financial Group upped their price target on shares of Capstone Copper from C$13.00 to C$14.00 in a research report on Friday, July 12th. Finally, Stifel Nicolaus increased their price objective on Capstone Copper from C$11.50 to C$12.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$12.84.

Insiders Place Their Bets

In related news, Director Darren Murvin Pylot sold 283,954 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of C$9.96, for a total value of C$2,828,181.84. In other Capstone Copper news, Director Humberto Antonio Fernandois sold 29,906 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$9.26, for a total transaction of C$276,977.41. Also, Director Darren Murvin Pylot sold 283,954 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of C$9.96, for a total value of C$2,828,181.84. Insiders sold 474,079 shares of company stock valued at $4,766,854 in the last ninety days. Insiders own 15.37% of the company’s stock.

Capstone Copper Trading Up 1.1 %

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 business’s 50 day simple moving average is C$9.86 and its 200 day simple moving average is C$9.70. The company has a market capitalization of C$7.33 billion, a price-to-earnings ratio of -46.38, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14.

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.