National Bank Financial Lowers Capstone Mining (TSE:CS) Price Target to C$0.60

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Capstone Mining (TSE:CS) had its target price lowered by National Bank Financial from C$0.70 to C$0.60 in a report issued on Thursday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the mining company’s stock.

Several other analysts have also issued reports on CS. TD Securities dropped their price objective on Capstone Mining from C$1.35 to C$0.90 in a research note on Monday, July 22nd. Haywood Securities lowered Capstone Mining from a buy rating to a hold rating and dropped their price objective for the company from C$0.85 to C$0.70 in a research note on Tuesday, July 23rd. CIBC dropped their price objective on Capstone Mining from C$0.90 to C$0.80 in a research note on Friday, September 6th. Canaccord Genuity upped their price objective on Capstone Mining from C$1.00 to C$1.15 in a research note on Tuesday, June 4th. Finally, Cormark dropped their price objective on Capstone Mining from C$1.25 to C$1.00 in a research note on Tuesday, July 23rd.

Shares of TSE CS opened at C$0.57 on Thursday. The company has a debt-to-equity ratio of 23.49, a quick ratio of 1.32 and a current ratio of 2.65. The stock has a 50 day moving average price of C$0.51 and a 200 day moving average price of C$0.59. The stock has a market capitalization of $227.77 million and a PE ratio of -3.90. Capstone Mining has a 52 week low of C$0.41 and a 52 week high of C$0.84.

Capstone Mining (TSE:CS) last released its quarterly earnings data on Tuesday, July 30th. The mining company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$151.55 million during the quarter. As a group, research analysts forecast that Capstone Mining will post 0.08 EPS for the current year.

In other news, insider George Leslie Brack bought 200,000 shares of the stock in a transaction dated Friday, August 16th. The shares were bought at an average price of C$0.50 per share, for a total transaction of C$99,540.00. Following the completion of the purchase, the insider now owns 1,705,000 shares in the company, valued at C$848,578.50.

About Capstone Mining

Capstone Mining Corp. engages in the exploration and production of base metals in the United States, Mexico, Canada, and Chile. The company explores for copper, molybdenum, silver, zinc, lead, iron, and gold deposits. It holds interests in the Pinto Valley, an open pit copper mine located in Arizona, the United States; and the Cozamin, an underground, copper-silver mine located in the state of Zacatecas, Mexico.

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