Capstone Copper (TSE:CS) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Capstone Copper Corp. (TSE:CS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.88 and traded as high as C$13.34. Capstone Copper shares last traded at C$13.17, with a volume of 4,207,828 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. National Bank Financial decreased their price target on shares of Capstone Copper from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Desjardins downgraded shares of Capstone Copper from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$18.00 to C$16.00 in a research note on Wednesday, February 18th. TD dropped their target price on shares of Capstone Copper from C$17.00 to C$16.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Stifel Nicolaus upped their target price on shares of Capstone Copper from C$17.00 to C$20.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Canadian Imperial Bank of Commerce cut shares of Capstone Copper from an “outperform” rating to a “hold” rating and reduced their price target for the stock from C$20.00 to C$16.00 in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$16.00.

Capstone Copper Stock Up 1.2%

The company has a debt-to-equity ratio of 45.85, a quick ratio of 0.98 and a current ratio of 1.35. The firm has a market capitalization of C$10.06 billion, a P/E ratio of 23.95, a P/E/G ratio of -0.09 and a beta of 2.18. The stock has a fifty day moving average price of C$11.66 and a two-hundred day moving average price of C$12.88.

Capstone Copper (TSE:CS) last announced its quarterly earnings data on Wednesday, April 29th. The mining company reported C$0.17 earnings per share (EPS) for the quarter. Capstone Copper had a return on equity of 12.69% and a net margin of 17.04%.The firm had revenue of C$907.15 million for the quarter. Research analysts forecast that Capstone Copper Corp. will post 0.8541833 EPS for the current year.

Insider Buying and Selling at Capstone Copper

In related news, Director John Mackenzie sold 816,200 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$13.09, for a total transaction of C$10,684,058.00. Following the sale, the director owned 7,000,000 shares in the company, valued at C$91,630,000. This represents a 10.44% decrease in their ownership of the stock. 15.37% of the stock is currently owned by corporate insiders.

Capstone Copper Company Profile

Capstone Copper Corp is a company that mines, explores, and develops mineral properties in the Americas. Specifically, the group has operating mines in the US, Mexico, and Canada, and development projects in Chile and Canada. Capstone’s main focus is copper, but the company also produces zinc, lead, molybdenum, silver, and gold.