Capstone Copper Corp. (TSE:CS) Stock Has Consensus Price Target of C$17.06

Capstone Copper Corp. (TSE:CS) has been given an average rating of “Moderate Buy” by the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$17.06.

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group raised shares of Capstone Copper from a “hold” rating to a “buy” rating and upped their price objective for the company from C$15.00 to C$18.00 in a research report on Monday, August 31st. Raymond James Financial reduced their target price on Capstone Copper from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a report on Friday, October 30th. Desjardins set a C$16.00 price target on shares of Capstone Copper and gave the company a “hold” rating in a research note on Tuesday, September 22nd. National Bank Financial upped their price objective on Capstone Copper from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research note on Monday, November 2nd. Finally, Barclays upgraded Capstone Copper to a “hold” rating in a research note on Wednesday, October 14th.

Capstone Copper Price Performance

Capstone Copper stock opened at C$10.99 on Friday. The company has a debt-to-equity ratio of 32.92, a quick ratio of 0.98 and a current ratio of 0.96. The stock has a 50-day simple moving average of C$13.50 and a 200-day simple moving average of C$13.43. Capstone Copper has a fifty-two week low of C$9.30 and a fifty-two week high of C$18.04. The company has a market capitalization of C$8.42 billion, a P/E ratio of 26.17, a PEG ratio of -0.09 and a beta of 2.00.

Capstone Copper (TSE:CS) last issued its quarterly earnings data on Thursday, October 29th. The mining company reported C$0.17 earnings per share for the quarter. Capstone Copper had a net margin of 11.65% and a return on equity of 9.18%. The business had revenue of C$1.01 billion during the quarter. Equities research analysts expect that Capstone Copper will post 0.85 earnings per share for the current year.

Insider Buying and Selling

In other Capstone Copper news, insider Cashel Aran Meagher sold 52,994 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of C$14.48, for a total transaction of C$767,353.12. Following the completion of the sale, the insider owned 259,112 shares of the company’s stock, valued at approximately C$3,751,941.76. The trade was a 16.98% decrease in their ownership of the stock. 15.37% of the stock is currently owned by corporate insiders.

About Capstone Copper

Capstone Copper Corp. is an Americas-focused copper mining company headquartered in Vancouver, Canada. Capstone’s operating portfolio of assets includes the Pinto Valley copper mine located in Arizona, USA, the Cozamin copper-silver mine located in Zacatecas, Mexico, the Mantos Blancos copper-silver mine located in the Antofagasta region, Chile, and the Mantoverde copper-gold mine, located in the Atacama region, Chile. Capstone’s growth pipeline includes the fully permitted Santo Domingo copper-iron-gold project, located approximately 35 kilometres northeast of Mantoverde in the Atacama region, Chile, as well as a portfolio of exploration properties in the Americas.