Capstone Copper Corp. (TSE:CS) Receives C$16.00 Average Target Price from Analysts

Capstone Copper Corp. (TSE:CS) has earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$16.00.

A number of analysts recently commented on the stock. Desjardins cut shares of Capstone Copper from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$18.00 to C$16.00 in a research note on Wednesday, February 18th. Clarkson Capital upgraded shares of Capstone Copper from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. National Bank Financial lowered their target price on shares of Capstone Copper from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. TD cut their target price on Capstone Copper from C$17.00 to C$16.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Finally, Stifel Nicolaus upped their target price on Capstone Copper from C$17.00 to C$20.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th.

Insider Activity

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

Capstone Copper Stock Performance

Shares of CS stock opened at C$12.43 on Friday. The business’s fifty day simple moving average is C$11.57 and its 200-day simple moving average is C$12.87. The company has a market cap of C$9.49 billion, a PE ratio of 22.60, a PEG ratio of -0.09 and a beta of 2.18. The company has a current ratio of 1.35, a quick ratio of 0.98 and a debt-to-equity ratio of 45.85. Capstone Copper has a 12-month low of C$6.43 and a 12-month high of C$18.04.

Capstone Copper (TSE:CS) last issued its quarterly earnings results on Wednesday, April 29th. The mining company reported C$0.17 earnings per share (EPS) for the quarter. The business had revenue of C$907.15 million for the quarter. Capstone Copper had a return on equity of 12.69% and a net margin of 17.04%. Analysts expect that Capstone Copper will post 0.8541833 earnings per share for the current fiscal year.

About Capstone Copper

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.