Royal Bank of Canada Increases Capstone Copper (TSE:CS) Price Target to C$12.00

Capstone Copper (TSE:CS) had its target price upped by analysts at Royal Bank of Canada from C$9.00 to C$12.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. Royal Bank of Canada’s target price points to a potential upside of 15.61% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on CS. BMO Capital Markets upped their price objective on Capstone Copper from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Canaccord Genuity Group increased their price target on shares of 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. CIBC boosted their price objective on shares of Capstone Copper from C$8.00 to C$10.50 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Jefferies Financial Group set a C$13.00 price target on Capstone Copper and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, TD Securities upped their price objective on 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. Eleven analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$11.25.

Capstone Copper Stock Down 1.6 %

Capstone Copper stock opened at C$10.38 on Monday. The company has a fifty day simple moving average of C$8.66 and a 200 day simple moving average of C$6.93. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 44.25. Capstone Copper has a 1-year low of C$4.40 and a 1-year high of C$10.59. The company has a market cap of C$7.81 billion, a P/E ratio of -49.43, a price-to-earnings-growth ratio of -0.09 and a beta of 2.36.

Capstone Copper (TSE:CS) last released its earnings results on Thursday, February 22nd. The mining company reported C$0.02 earnings per share (EPS) for the quarter, meeting 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 anticipate that Capstone Copper will post 0.3335667 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gordon James Bell acquired 20,000 shares of the 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. In other Capstone Copper news, Director Darren Murvin Pylot sold 83,600 shares of the business’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. Also, Director Gordon James Bell bought 20,000 shares of Capstone Copper stock in a transaction on Wednesday, February 28th. The stock was acquired at an average cost of C$7.06 per share, for a total transaction of C$141,140.00. Corporate insiders own 15.95% 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.