Capstone Copper (TSE:CS) Price Target Raised to C$19.00

Capstone Copper (TSE:CS) had its target price raised by Raymond James Financial from C$18.50 to C$19.00 in a research report released on Friday morning,BayStreet reports. They currently have an outperform rating on the mining company’s stock.

A number of other equities research analysts also recently commented on the company. The Goldman Sachs Group raised Capstone Copper from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$15.00 to C$18.00 in a report on Monday, August 31st. Scotiabank raised their price target on shares of Capstone Copper from C$15.50 to C$18.00 and gave the stock a “sector outperform” rating in a research report on Monday, June 15th. Stifel Nicolaus raised their price target on shares of Capstone Copper from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. National Bank Financial lifted their price objective on shares of Capstone Copper from C$14.00 to C$16.50 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Finally, Citigroup raised shares of Capstone Copper to a “strong-buy” rating in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Capstone Copper presently has a consensus rating of “Buy” and a consensus target price of C$16.71.

Capstone Copper Stock Performance

Shares of CS stock opened at C$15.05 on Friday. The business has a fifty day moving average of C$14.18 and a 200 day moving average of C$13.20. Capstone Copper has a 1 year low of C$9.30 and a 1 year high of C$18.04. The company has a debt-to-equity ratio of 41.76, a current ratio of 1.24 and a quick ratio of 0.98. The firm has a market capitalization of C$11.50 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of -0.09 and a beta of 2.21.

Capstone Copper (TSE:CS) last posted its quarterly earnings results on Thursday, July 30th. The mining company reported C$0.19 earnings per share for the quarter. The business had revenue of C$1.05 billion for the quarter. Capstone Copper had a return on equity of 13.69% and a net margin of 17.67%. As a group, research analysts expect that Capstone Copper will post 0.8541833 earnings per share for the current year.

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.