Capstone Copper (TSE:CS) Price Target Lowered to C$11.00 at Scotiabank

Capstone Copper (TSE:CS) had its target price reduced by Scotiabank from C$12.00 to C$11.00 in a research report released on Tuesday morning,BayStreet.CA reports.

A number of other research analysts also recently issued reports on the company. Canaccord Genuity Group reduced their price objective on Capstone Copper from C$14.00 to C$12.50 in a research note on Monday, November 25th. CIBC raised their price objective on shares of Capstone Copper from C$12.00 to C$12.50 in a report on Monday, November 25th. Eight Capital lifted their price objective on shares of Capstone Copper from C$14.00 to C$15.00 in a research report on Friday, November 22nd. Paradigm Capital set a C$12.00 target price on shares of Capstone Copper and gave the company a “buy” rating in a research report on Thursday, November 28th. Finally, Citigroup raised shares of Capstone Copper to a “strong-buy” rating in a report on Wednesday, December 11th. Thirteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$12.60.

Capstone Copper Stock Down 2.6 %

CS opened at C$8.85 on Tuesday. Capstone Copper has a fifty-two week low of C$5.99 and a fifty-two week high of C$11.51. The firm has a market capitalization of C$6.66 billion, a P/E ratio of -42.14, a PEG ratio of -0.09 and a beta of 2.14. The company’s 50-day moving average is C$9.22 and its 200 day moving average is C$9.50. 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 data on Thursday, October 31st. The mining company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.07). The firm had revenue of C$572.14 million during the quarter, compared to analysts’ expectations of C$612.00 million. Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%. Research analysts expect that Capstone Copper will post 0.8541833 earnings per share for the current fiscal year.

Insider Activity at Capstone Copper

In other news, Director John Mackenzie sold 49,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$9.65, for a total value of C$473,075.40. Also, Director Darren Murvin Pylot sold 500,000 shares of Capstone Copper stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$10.50, for a total value of C$5,249,450.00. In the last three months, insiders have sold 843,250 shares of company stock worth $8,656,280. 15.37% of the stock is owned by company 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.