Eight Capital Raises Capstone Copper (TSE:CS) Price Target to C$15.00

Capstone Copper (TSE:CS) had its target price raised by analysts at Eight Capital from C$14.00 to C$15.00 in a research note issued on Friday,BayStreet.CA reports. Eight Capital’s target price points to a potential upside of 49.40% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. National Bankshares increased their price target on Capstone Copper from C$12.75 to C$13.75 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Raymond James set a C$12.00 target price on shares of Capstone Copper and gave the stock an “outperform” rating in a report on Tuesday, September 3rd. Scotiabank increased their price target on shares of Capstone Copper from C$12.00 to C$13.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. TD Securities raised their price objective on shares of Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada decreased their target price on Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$12.93.

Capstone Copper Stock Performance

Shares of CS stock opened at C$10.04 on Friday. The stock has a market cap of C$7.56 billion, a P/E ratio of -47.81, a P/E/G ratio of -0.09 and a beta of 2.14. The company has a fifty day moving average price of C$10.15 and a two-hundred day moving average price of C$9.74. Capstone Copper has a one year low of C$5.26 and a one year high of C$11.51. The company has a debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98.

Capstone Copper (TSE:CS) last posted its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). The business had revenue of C$572.14 million for the quarter, compared to the consensus estimate of C$612.00 million. Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. As a group, equities analysts predict that Capstone Copper will post 0.8541833 EPS for the current year.

Insider Buying and Selling

In other news, Director Darren Murvin Pylot sold 500,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$10.50, for a total transaction of C$5,249,450.00. Also, Director Humberto Antonio Fernandois sold 60,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$9.25, for a total value of C$554,880.00. Over the last quarter, insiders have sold 974,079 shares of company stock worth $10,016,304. Company insiders own 15.37% 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.