National Bankshares Lowers Capstone Copper (TSE:CS) Price Target to C$11.00

Capstone Copper (TSE:CS) had its target price cut by equities research analysts at National Bankshares from C$11.50 to C$11.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the mining company’s stock. National Bankshares’ price objective would suggest a potential upside of 35.14% from the stock’s previous close.

Several other research firms have also commented on CS. Scotiabank reduced their price objective on Capstone Copper from C$12.00 to C$11.00 in a research note on Tuesday, January 21st. TD Securities raised their price objective on Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Citigroup raised shares of Capstone Copper to a “strong-buy” rating in a report on Wednesday, December 11th. CIBC lifted their price target on shares of Capstone Copper from C$12.00 to C$12.50 in a report on Monday, November 25th. Finally, Paradigm Capital set a C$12.00 price objective on shares of Capstone Copper and gave the company a “buy” rating in a research report on Thursday, November 28th. Thirteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$12.38.

Capstone Copper Stock Performance

CS stock opened at C$8.14 on Thursday. The company has a market cap of C$6.13 billion, a P/E ratio of -38.76, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. 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 has a 1 year low of C$6.23 and a 1 year high of C$11.51. The stock’s fifty day moving average price is C$8.95 and its 200-day moving average price is C$9.39.

Capstone Copper (TSE:CS) last announced its earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share (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 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 year.

Insider Buying and Selling at Capstone Copper

In other Capstone Copper news, Director John Mackenzie sold 49,000 shares of the business’s stock in a transaction dated 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 250,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of C$10.04, for a total value of C$2,508,950.00. Insiders have sold 843,250 shares of company stock worth $8,656,280 over the last quarter. 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.