Scotiabank Issues Pessimistic Forecast for Capstone Copper (TSE:CS) Stock Price

Capstone Copper (TSE:CS) had its target price decreased by stock analysts at Scotiabank from C$12.00 to C$11.00 in a research report issued on Thursday,BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 35.14% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. CIBC increased their price objective on shares of Capstone Copper from C$12.00 to C$12.50 in a research note on Monday, November 25th. Eight Capital boosted their price objective on Capstone Copper from C$14.00 to C$15.00 in a research report on Friday, November 22nd. National Bankshares dropped their target price on Capstone Copper from C$11.50 to C$11.00 and set an “outperform” rating on the stock in a research report on Thursday. Canaccord Genuity Group reduced their price target on shares of Capstone Copper from C$14.00 to C$12.50 in a report on Monday, November 25th. Finally, TD Securities increased their price objective on shares of Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$12.38.

Capstone Copper Trading Down 3.2 %

TSE:CS opened at C$8.14 on Thursday. Capstone Copper has a 52 week low of C$6.23 and a 52 week high of C$11.51. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10. The company has a market cap of C$6.13 billion, a PE ratio of -38.76, a P/E/G ratio of -0.09 and a beta of 2.14. The business’s 50 day moving average is C$8.95 and its two-hundred day moving average is C$9.39.

Capstone Copper (TSE:CS) last released its earnings results 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). Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%. The business had revenue of C$572.14 million for the quarter, compared to the consensus estimate of C$612.00 million. On average, analysts predict that Capstone Copper will post 0.8541833 EPS for the current year.

Insider Buying and Selling

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

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.