Capstone Copper (TSE:CS – Free Report) had its price target raised by Canaccord Genuity Group from C$9.50 to C$13.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a buy rating on the mining company’s stock.
Several other research analysts have also recently commented on the stock. BMO Capital Markets raised their target price on shares of Capstone Copper from C$7.50 to C$8.00 in a report on Friday, February 23rd. TD Securities increased their price target on shares of Capstone Copper from C$8.50 to C$9.00 and gave the stock a buy rating in a research report on Friday, February 23rd. Stifel Nicolaus set a C$9.00 price target on shares of Capstone Copper and gave the stock a buy rating in a research report on Tuesday, March 26th. Stifel Canada reiterated a buy rating on shares of Capstone Copper in a research report on Monday, March 25th. Finally, CIBC increased their price target on shares of Capstone Copper from C$8.00 to C$10.50 and gave the stock an outperform rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of Buy and a consensus price target of C$9.22.
Read Our Latest Stock Analysis on Capstone Copper
Capstone Copper Stock Down 0.8 %
Capstone Copper (TSE:CS – Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The mining company reported C$0.02 earnings per share for the quarter, meeting the consensus estimate of C$0.02. The firm had revenue of C$481.57 million for the quarter. Capstone Copper had a negative net margin of 7.56% and a negative return on equity of 3.99%. Sell-side analysts predict that Capstone Copper will post 0.3505466 EPS for the current year.
Insider Buying and Selling at Capstone Copper
In other Capstone Copper news, Director Gordon James Bell purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average price of C$7.06 per share, with a total value of C$141,140.00. In related news, Director Darren Murvin Pylot sold 83,600 shares of Capstone Copper stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$8.14, for a total transaction of C$680,228.12. Also, Director Gordon James Bell bought 20,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average cost of C$7.06 per share, with a total value of C$141,140.00. Company insiders own 17.24% 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.
Further Reading
- Five stocks we like better than Capstone Copper
- Low PE Growth Stocks: Unlocking Investment Opportunities
- United Airlines Soars on Earnings Beat
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- J.B. Hunt Hits the Skids: Lower Prices to Come
- Bank Stocks – Best Bank Stocks to Invest In
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Receive News & Ratings for Capstone Copper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capstone Copper and related companies with MarketBeat.com's FREE daily email newsletter.