CIBC Increases Capstone Copper (TSE:CS) Price Target to C$10.50

Capstone Copper (TSE:CS) had its price objective upped by stock analysts at CIBC from C$8.00 to C$10.50 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. CIBC’s target price indicates a potential upside of 8.81% from the company’s previous close.

Several other equities research analysts also recently weighed in on CS. Stifel Nicolaus set a C$9.00 price target on Capstone Copper and gave the stock a “buy” rating in a research report on Tuesday, March 26th. BMO Capital Markets increased their price target on Capstone Copper from C$7.50 to C$8.00 in a research report on Friday, February 23rd. Stifel Canada reaffirmed a “buy” rating on shares of Capstone Copper in a research report on Monday, March 25th. National Bankshares raised their target price on Capstone Copper from C$8.25 to C$8.75 in a research report on Thursday, January 25th. Finally, TD Securities raised their target price on Capstone Copper from C$8.50 to C$9.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$9.38.

Capstone Copper Stock Performance

Shares of CS stock opened at C$9.65 on Wednesday. The firm has a market capitalization of C$7.26 billion, a price-to-earnings ratio of -45.95, a price-to-earnings-growth ratio of -0.09 and a beta of 2.32. The company has a debt-to-equity ratio of 44.25, a current ratio of 1.13 and a quick ratio of 0.98. The business has a fifty day moving average of C$7.94 and a 200 day moving average of C$6.51. Capstone Copper has a 1 year low of C$4.40 and a 1 year high of C$9.80.

Capstone Copper (TSE:CS) last announced its quarterly earnings results on Thursday, February 22nd. The mining company reported C$0.02 earnings per share for the quarter, hitting the consensus estimate of C$0.02. The company had revenue of C$481.57 million for the quarter. Capstone Copper had a negative return on equity of 3.99% and a negative net margin of 7.56%. As a group, research analysts expect that Capstone Copper will post 0.3505466 earnings per share for the current year.

Insider Activity at Capstone Copper

In related news, Director Gordon James Bell purchased 20,000 shares of the firm’s 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. In other Capstone Copper news, Director Gordon James Bell bought 20,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were acquired at an average cost of C$7.06 per share, with a total value of C$141,140.00. Also, Director Darren Murvin Pylot sold 83,600 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$8.14, for a total transaction of C$680,228.12. 17.24% of the stock is currently owned by corporate insiders.

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.