Capstone Copper (TSE:CS) Stock Price Target Cut by Raymond James Financial

Capstone Copper (TSE:CS) had its price objective lowered by analysts at Raymond James Financial from C$17.00 to C$16.00 in a research report issued on Friday, BayStreet reports. The firm currently has an “outperform” rating on the mining company’s stock. Raymond James Financial‘s price objective would indicate a potential upside of 44.40% from the company’s current price.

Other equities analysts also recently issued research reports about the company. The Goldman Sachs Group upgraded Capstone Copper from a “hold” rating to a “buy” rating and lifted their price target for the company from C$15.00 to C$18.00 in a research note on Monday, August 31st. Desjardins set a C$16.00 price objective on Capstone Copper and gave the stock a “hold” rating in a research note on Tuesday, September 22nd. Stifel Nicolaus lifted their target price on Capstone Copper from C$20.00 to C$21.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. National Bank Financial upped their price target on Capstone Copper from C$14.00 to C$16.50 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Finally, Barclays raised Capstone Copper to a “hold” rating in a research report on Wednesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$17.17.

Capstone Copper Stock Down 5.9%

CS stock traded down C$0.69 during midday trading on Friday, reaching C$11.08. 2,557,274 shares of the company’s stock traded hands, compared to its average volume of 4,217,117. The company has a quick ratio of 0.98, a current ratio of 1.24 and a debt-to-equity ratio of 41.76. The firm’s fifty day moving average price is C$14.12 and its 200-day moving average price is C$13.51. Capstone Copper has a 52 week low of C$9.30 and a 52 week high of C$18.04. The company has a market cap of C$8.46 billion, a price-to-earnings ratio of 17.87, a P/E/G ratio of -0.09 and a beta of 2.27.

Capstone Copper (TSE:CS) last issued its quarterly earnings data on Thursday, October 29th. The mining company reported C$0.17 earnings per share (EPS) for the quarter. The firm had revenue of C$1.01 billion during the quarter. Capstone Copper had a net margin of 17.67% and a return on equity of 13.69%. As a group, sell-side analysts forecast that Capstone Copper will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Capstone Copper news, insider Cashel Aran Meagher sold 52,994 shares of the company’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of C$14.48, for a total value of C$767,353.12. Following the completion of the transaction, the insider owned 259,112 shares in the company, valued at C$3,751,941.76. This represents a 16.98% decrease in their position. Company insiders own 15.37% of the company’s stock.

Capstone Copper Company Profile

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.