Eight Capital Raises Capstone Copper (TSE:CS) Price Target to C$12.50

Capstone Copper (TSE:CS) had its target price hoisted by Eight Capital from C$11.00 to C$12.50 in a research report report published on Friday, BayStreet.CA reports. Eight Capital currently has a buy rating on the mining company’s stock.

Several other brokerages also recently weighed in on CS. TD Securities upped their target price on shares of Capstone Copper from C$8.50 to C$9.00 and gave the stock a buy rating in a research note on Friday, February 23rd. CIBC increased their price objective 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. BMO Capital Markets lifted their target price on Capstone Copper from C$10.50 to C$11.00 and gave the company an outperform rating in a report on Friday. Stifel Nicolaus set a C$9.00 price target on Capstone Copper and gave the stock a buy rating in a report on Tuesday, March 26th. Finally, Canaccord Genuity Group lifted their price objective on Capstone Copper from C$9.50 to C$13.00 and gave the company a buy rating in a research note on Wednesday, April 17th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of C$10.50.

Capstone Copper Stock Up 5.9 %

TSE:CS opened at C$9.95 on Friday. Capstone Copper has a 52 week low of C$4.40 and a 52 week high of C$10.44. The stock’s fifty day moving average is C$8.53 and its two-hundred day moving average is C$6.85. The stock has a market capitalization of C$7.49 billion, a price-to-earnings ratio of -47.38, a price-to-earnings-growth ratio of -0.09 and a beta of 2.36. 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 posted its earnings results on Thursday, February 22nd. The mining company reported C$0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.02. Capstone Copper had a negative return on equity of 3.99% and a negative net margin of 7.56%. The firm had revenue of C$481.57 million for the quarter. Research analysts anticipate that Capstone Copper will post 0.3335667 EPS for the current year.

Insider Transactions at Capstone Copper

In related news, Director Gordon James Bell acquired 20,000 shares of Capstone Copper stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average price of C$7.06 per share, for a total transaction of C$141,140.00. In other news, Director Gordon James Bell bought 20,000 shares of Capstone Copper stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of C$7.06 per share, with a total value of C$141,140.00. Also, Director Darren Murvin Pylot sold 83,600 shares of the company’s stock in a transaction dated 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.