Capstone Copper (TSE:CS) Price Target Raised to C$12.75

Capstone Copper (TSE:CS) had its price objective increased by research analysts at National Bankshares from C$12.00 to C$12.75 in a report released on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. National Bankshares’ target price indicates a potential upside of 22.36% from the stock’s current price.

Several other analysts have also recently weighed in on the company. BMO Capital Markets lifted their price target on Capstone Copper from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Canaccord Genuity Group boosted their price target on Capstone Copper from C$13.00 to C$14.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Eight Capital upped their price target on Capstone Copper from C$12.50 to C$14.00 in a research report on Thursday. CIBC boosted their price objective on Capstone Copper from C$10.50 to C$12.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Finally, Royal Bank of Canada upped their price target on Capstone Copper from C$9.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$12.33.

Capstone Copper Price Performance

Shares of CS stock traded down C$0.04 during trading hours on Monday, hitting C$10.42. 570,747 shares of the company’s stock were exchanged, compared to its average volume of 2,118,102. The stock’s 50-day moving average is C$9.96 and its 200-day moving average is C$8.45. The stock has a market cap of C$7.84 billion, a price-to-earnings ratio of -49.62, a price-to-earnings-growth ratio of -0.09 and a beta of 2.34. Capstone Copper has a 52 week low of C$4.40 and a 52 week high of C$11.51. The company has a debt-to-equity ratio of 37.44, a current ratio of 1.03 and a quick ratio of 0.98.

Capstone Copper (TSE:CS) last released its earnings results on Thursday, May 2nd. The mining company reported C($0.01) earnings per share for the quarter. The company had revenue of C$458.23 million during the quarter, compared to analyst estimates of C$461.99 million. Capstone Copper had a negative net margin of 6.41% and a negative return on equity of 3.13%. As a group, research analysts forecast that Capstone Copper will post 0.3624779 EPS for the current year.

Insider Activity

In related news, Director John Mackenzie sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of C$10.30, for a total value of C$515,125.00. In related news, Senior Officer Jerrold Annett sold 29,659 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$11.35, for a total value of C$336,484.32. Also, Director John Mackenzie sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of C$10.30, for a total value of C$515,125.00. Over the last three months, insiders have sold 239,659 shares of company stock valued at $2,514,835. 15.89% of the stock is currently owned by insiders.

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.