Capstone Copper (TSE:CS) Price Target Increased to C$13.00 by Analysts at TD Securities

Capstone Copper (TSE:CS) had its price target boosted by analysts at TD Securities from C$12.00 to C$13.00 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the mining company’s stock. TD Securities’ price target indicates a potential upside of 17.65% from the company’s previous close.

Several other research firms have also recently issued reports on CS. Royal Bank of Canada cut their target price on Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. National Bankshares raised their target price on shares of Capstone Copper from C$12.00 to C$12.75 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Stifel Nicolaus raised their price objective on shares of Capstone Copper from C$11.50 to C$12.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Eight Capital increased their price objective on shares of Capstone Copper from C$12.50 to C$14.00 in a research note on Thursday, July 11th. Finally, Raymond James set a C$12.00 price objective on Capstone Copper and gave the company an “outperform” rating in a research note on Tuesday, September 3rd. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$12.75.

Capstone Copper Stock Up 2.8 %

Shares of CS traded up C$0.30 during midday trading on Wednesday, reaching C$11.05. 832,016 shares of the stock were exchanged, compared to its average volume of 2,223,603. Capstone Copper has a 52 week low of C$4.40 and a 52 week high of C$11.51. The company’s 50 day moving average is C$9.22 and its two-hundred day moving average is C$9.44. The company has a market capitalization of C$8.32 billion, a P/E ratio of -55.15, a PEG ratio of -0.09 and a beta of 2.15. 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 (TSE:CS) last issued its earnings results on Thursday, August 1st. The mining company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.02). The company had revenue of C$537.85 million during the quarter, compared to analysts’ expectations of C$545.84 million. Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. On average, sell-side analysts anticipate that Capstone Copper will post 0.8813421 earnings per share for the current year.

Insider Activity

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