Scotiabank Boosts Capstone Copper (TSE:CS) Price Target to C$13.00

Capstone Copper (TSE:CS) had its price target upped by equities research analysts at Scotiabank from C$12.00 to C$13.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. Scotiabank’s price target points to a potential upside of 17.65% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. National Bankshares increased their price objective on shares of Capstone Copper from C$12.00 to C$12.75 and gave the company an “outperform” rating in a report on Monday, July 15th. Jefferies Financial Group raised their price objective on Capstone Copper from C$13.00 to C$14.00 in a research note on Friday, July 12th. BMO Capital Markets increased their target price on shares of Capstone Copper from C$11.00 to C$11.50 in a research note on Friday, August 2nd. CIBC boosted their target price on Capstone Copper from C$10.50 to C$12.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Finally, Raymond James set a C$12.00 target price on Capstone Copper and gave the stock an “outperform” rating in a research report on Tuesday, September 3rd. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$12.75.

Capstone Copper Stock Performance

Shares of TSE:CS traded up C$0.30 during trading on Wednesday, hitting C$11.05. The company’s stock had a trading volume of 832,016 shares, compared to its average volume of 2,223,603. Capstone Copper has a 12 month low of C$4.40 and a 12 month high of C$11.51. The firm has a market cap of C$8.32 billion, a price-to-earnings ratio of -55.25, a P/E/G ratio of -0.09 and a beta of 2.15. The company has a debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98. The company has a 50-day moving average of C$9.22 and a 200-day moving average of C$9.44.

Capstone Copper (TSE:CS) last announced its quarterly earnings data on Thursday, August 1st. The mining company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.02). Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%. The company had revenue of C$537.85 million for the quarter, compared to the consensus estimate of C$545.84 million. On average, sell-side analysts expect that Capstone Copper will post 0.8813421 earnings per share for the current year.

Insider Buying and Selling

In other Capstone Copper news, Director Humberto Antonio Fernandois sold 60,000 shares of Capstone Copper stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$9.25, for a total transaction of C$554,880.00. In related news, Director Darren Murvin Pylot sold 100,000 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$11.05, for a total transaction of C$1,104,990.00. Also, Director Humberto Antonio Fernandois sold 60,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$9.25, for a total transaction of C$554,880.00. Insiders sold 474,079 shares of company stock worth $4,766,854 in the last 90 days. Insiders own 15.41% 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.