Capstone Copper (TSE:CS) Reaches New 1-Year High at $8.37

Capstone Copper Corp. (TSE:CS) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$8.37 and last traded at C$8.31, with a volume of 273052 shares changing hands. The stock had previously closed at C$8.20.

Analysts Set New Price Targets

CS has been the subject of a number of research analyst reports. Stifel Nicolaus set a C$9.00 target price on Capstone Copper and gave the company a “buy” rating in a report on Tuesday. BMO Capital Markets increased their price objective on Capstone Copper from C$7.50 to C$8.00 in a report on Friday, February 23rd. TD Securities increased their price objective on Capstone Copper from C$8.50 to C$9.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. National Bankshares increased their price objective on Capstone Copper from C$8.25 to C$8.75 in a report on Thursday, January 25th. Finally, Stifel Canada reiterated a “buy” rating on shares of Capstone Copper in a report on Monday. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Capstone Copper currently has an average rating of “Buy” and an average target price of C$8.56.

Capstone Copper Trading Up 2.4 %

The company has a market capitalization of C$6.49 billion, a price-to-earnings ratio of -43.10, a P/E/G ratio of -0.09 and a beta of 2.32. The company has a 50-day moving average price of C$7.15 and a 200-day moving average price of C$6.16. 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 (TSE:CS) last released its earnings results on Thursday, February 22nd. The mining company reported C$0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.02. Capstone Copper had a negative return on equity of 3.99% and a negative net margin of 7.56%. The business had revenue of C$481.57 million for the quarter. Research analysts predict that Capstone Copper Corp. will post 0.4604439 EPS for the current fiscal year.

Insider Buying and Selling

In other Capstone Copper news, Director Darren Murvin Pylot sold 83,600 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$8.14, for a total transaction of C$680,228.12. In other Capstone Copper news, Director Darren Murvin Pylot sold 83,600 shares of the firm’s stock in a transaction dated 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 business’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. 17.27% of the stock is owned by company 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; Cozamin copper-silver mine located in the Zacatecas, Mexico.