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

Capstone Copper (TSE:CS) had its price target boosted by BMO Capital Markets from C$10.50 to C$11.00 in a report published on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the mining company’s stock.

Several other brokerages have also commented on CS. National Bankshares increased their price objective on Capstone Copper from C$8.25 to C$8.75 in a research report on Thursday, January 25th. Stifel Canada reiterated a buy rating on shares of Capstone Copper in a report on Monday, March 25th. Stifel Nicolaus set a C$9.00 target price on Capstone Copper and gave the company a buy rating in a research note on Tuesday, March 26th. TD Securities lifted their target price on shares of Capstone Copper from C$8.50 to C$9.00 and gave the company a buy rating in a research note on Friday, February 23rd. Finally, CIBC raised their target price on Capstone Copper from C$8.00 to C$10.50 and gave the company an outperform rating in a research note on Wednesday, April 17th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Capstone Copper has a consensus rating of Buy and an average target price of C$10.50.

Capstone Copper Stock Up 5.9 %

Shares of TSE CS opened at C$9.95 on Friday. The stock has a market capitalization of C$7.49 billion, a PE ratio of -47.38, a P/E/G ratio of -0.09 and a beta of 2.36. Capstone Copper has a one year low of C$4.40 and a one year high of C$10.44. The company has a debt-to-equity ratio of 44.25, a current ratio of 1.13 and a quick ratio of 0.98. The business’s fifty day moving average price is C$8.53 and its 200-day moving average price is C$6.85.

Capstone Copper (TSE:CS) last announced its quarterly earnings results on Thursday, February 22nd. The mining company reported C$0.02 earnings per share for the quarter, meeting the consensus estimate of C$0.02. The firm had revenue of C$481.57 million for the quarter. Capstone Copper had a negative return on equity of 3.99% and a negative net margin of 7.56%. On average, equities research analysts anticipate that Capstone Copper will post 0.3335667 EPS for the current year.

Insiders Place Their Bets

In related news, Director Darren Murvin Pylot sold 83,600 shares of the business’s stock in a transaction 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. In related news, Director Gordon James Bell acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were acquired at an average cost 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 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 value of C$680,228.12. Corporate insiders own 15.95% 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.