Canaccord Genuity Group Issues Pessimistic Forecast for Capstone Copper (TSE:CS) Stock Price

Capstone Copper (TSE:CS) had its price objective reduced by Canaccord Genuity Group from C$14.00 to C$12.50 in a report issued on Monday,BayStreet.CA reports. Canaccord Genuity Group’s price objective would indicate a potential upside of 29.94% from the company’s previous close.

Several other analysts have also weighed in on the stock. Eight Capital raised their price objective on shares of Capstone Copper from C$14.00 to C$15.00 in a report on Friday, November 22nd. Scotiabank raised their price objective on shares of Capstone Copper from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. BMO Capital Markets increased their price target on shares of Capstone Copper from C$11.00 to C$11.50 in a research note on Friday, August 2nd. National Bankshares increased their price target on shares of 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. Finally, TD Securities increased their price target on shares of Capstone Copper from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Capstone Copper presently has a consensus rating of “Buy” and an average target price of C$12.84.

Capstone Copper Stock Performance

TSE CS opened at C$9.62 on Monday. The firm has a market cap of C$7.24 billion, a price-to-earnings ratio of -46.10, a PEG ratio of -0.09 and a beta of 2.14. The company has a 50 day moving average of C$10.17 and a 200-day moving average of C$9.73. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 40.10. Capstone Copper has a 1-year low of C$5.26 and a 1-year high of C$11.51.

Capstone Copper (TSE:CS) last posted its quarterly earnings data on Thursday, October 31st. The mining company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.11 by C($0.07). The firm had revenue of C$572.14 million for the quarter, compared to analyst estimates of C$612.00 million. Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. On average, equities analysts forecast that Capstone Copper will post 0.8541833 earnings per share for the current fiscal year.

Insider Buying and Selling at Capstone Copper

In other news, Director Humberto Antonio Fernandois sold 29,906 shares of Capstone Copper stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$9.26, for a total transaction of C$276,977.41. Also, Director Darren Murvin Pylot sold 500,000 shares of Capstone Copper 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. Over the last ninety days, insiders have sold 974,079 shares of company stock valued at $10,016,304. 15.37% of the stock is currently owned by insiders.

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.