Capstone Copper (TSE:CS) PT Raised to C$11.00

Capstone Copper (TSE:CS) had its target price increased by analysts at Eight Capital from C$9.00 to C$11.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. Eight Capital’s price target indicates a potential upside of 22.63% from the stock’s current price.

Several other research firms have also weighed in on CS. Canaccord Genuity Group raised their price objective on shares of Capstone Copper from C$9.50 to C$13.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. 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. Stifel Nicolaus set a C$9.00 target price on shares of Capstone Copper and gave the stock a “buy” rating in a report on Tuesday, March 26th. CIBC raised their target price on shares of Capstone Copper from C$8.00 to C$10.50 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Finally, TD Securities raised their target price on shares of Capstone Copper from C$8.50 to C$9.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$9.63.

Capstone Copper Stock Down 2.6 %

CS stock opened at C$8.97 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 44.25. Capstone Copper has a fifty-two week low of C$4.40 and a fifty-two week high of C$9.80. The firm’s 50-day simple moving average is C$8.05 and its 200 day simple moving average is C$6.58. The stock has a market cap of C$6.75 billion, a PE ratio of -42.71, a price-to-earnings-growth ratio of -0.09 and a beta of 2.32.

Capstone Copper (TSE:CS) last released its earnings results on Thursday, February 22nd. The mining company reported C$0.02 EPS for the quarter, meeting the consensus estimate of C$0.02. Capstone Copper had a negative net margin of 7.56% and a negative return on equity of 3.99%. The firm had revenue of C$481.57 million for the quarter. As a group, sell-side analysts predict that Capstone Copper will post 0.3505466 EPS for the current year.

Insider Buying and Selling

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