Capstone Copper (TSE:CS) Given New C$12.50 Price Target at Canaccord Genuity Group

Capstone Copper (TSE:CS) had its price target reduced by Canaccord Genuity Group from C$14.00 to C$12.50 in a report published on Monday,BayStreet.CA reports.

Several other analysts also recently issued reports on CS. BMO Capital Markets increased their price target on Capstone Copper from C$11.00 to C$11.50 in a report on Friday, August 2nd. Raymond James set a C$12.00 price target on Capstone Copper and gave the stock an “outperform” rating in a research report on Tuesday, September 3rd. TD Securities lifted their price objective on shares of Capstone Copper from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada reduced their target price on shares of Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Finally, Scotiabank upped their price objective on shares of Capstone Copper from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Thirteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Capstone Copper presently has an average rating of “Buy” and a consensus price target of C$12.77.

Capstone Copper Trading Down 0.3 %

Shares of CS opened at C$9.43 on Monday. The stock’s fifty day simple moving average is C$10.18 and its 200 day simple moving average is C$9.72. Capstone Copper has a twelve month low of C$5.37 and a twelve month high of C$11.51. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 40.10. The firm has a market capitalization of C$7.10 billion, a P/E ratio of -44.76, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14.

Capstone Copper (TSE:CS) last posted its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.07). Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%. The business had revenue of C$572.14 million during the quarter, compared to analysts’ expectations of C$612.00 million. On average, equities research analysts forecast that Capstone Copper will post 0.8541833 earnings per share for the current year.

Insider Buying and Selling at Capstone Copper

In other news, Director Humberto Antonio Fernandois sold 60,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$9.25, for a total transaction of C$554,880.00. Also, Director Darren Murvin Pylot sold 100,000 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$11.05, for a total transaction of C$1,104,990.00. Insiders sold a total of 1,224,079 shares of company stock worth $12,525,254 over the last ninety days. Company insiders own 15.37% 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.