Capstone Copper (TSE:CS) Price Target Raised 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 report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. CIBC’s price objective points to a potential upside of 8.81% from the company’s previous close.

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

Capstone Copper Stock Performance

Shares of TSE CS opened at C$9.65 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 44.25. The firm’s 50-day moving average price is C$7.94 and its two-hundred day moving average price is C$6.51. Capstone Copper has a 52-week low of C$4.40 and a 52-week high of C$9.80. The stock has a market capitalization of C$7.26 billion, a P/E ratio of -45.95, a P/E/G ratio of -0.09 and a beta of 2.32.

Capstone Copper (TSE:CS) last issued its earnings results on Thursday, February 22nd. The mining company reported C$0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 forecast that Capstone Copper will post 0.3505466 earnings per share for the current year.

Insider Activity at Capstone Copper

In related news, Director Darren Murvin Pylot sold 83,600 shares of the firm’s 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 transaction of C$680,228.12. In other Capstone Copper news, Director Gordon James Bell purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average price of C$7.06 per share, for a total transaction of C$141,140.00. Also, Director Darren Murvin Pylot sold 83,600 shares of Capstone Copper 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. Company insiders own 17.24% of the company’s stock.

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.