Capstone Copper (TSE:CS) Stock Price Expected to Rise, CIBC Analyst Says

Capstone Copper (TSE:CS) had its price objective upped by investment analysts at CIBC from C$12.00 to C$12.50 in a research report issued on Monday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 29.94% from the stock’s previous close.

Several other research analysts have also weighed in on CS. National Bankshares increased their target price on Capstone Copper from C$12.75 to C$13.75 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. BMO Capital Markets increased their target price on Capstone Copper from C$11.00 to C$11.50 in a research report on Friday, August 2nd. Eight Capital increased their target price on Capstone Copper from C$14.00 to C$15.00 in a research report on Friday, November 22nd. Raymond James set a C$12.00 target price on Capstone Copper and gave the stock an “outperform” rating in a research report on Tuesday, September 3rd. Finally, Royal Bank of Canada cut 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, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$12.84.

Capstone Copper Trading Down 2.2 %

Shares of Capstone Copper stock opened at C$9.62 on Monday. Capstone Copper has a fifty-two week low of C$5.26 and a fifty-two week high of C$11.51. The firm has a market cap of C$7.24 billion, a PE ratio of -46.10, a P/E/G ratio of -0.09 and a beta of 2.14. The business’s fifty day moving average is C$10.17 and its two-hundred day moving average is C$9.73. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10.

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

Insider Buying and Selling at Capstone Copper

In other news, Director Darren Murvin Pylot sold 283,954 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of C$9.96, for a total transaction of C$2,828,181.84. Also, Director Humberto Antonio Fernandois sold 29,906 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$9.26, for a total value of C$276,977.41. Insiders have sold 974,079 shares of company stock valued at $10,016,304 over the last three months. 15.37% of the stock is owned by company insiders.

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.