Canaccord Genuity Group Cuts Capstone Copper (TSE:CS) Price Target to C$12.50

Capstone Copper (TSE:CS) had its price objective decreased by Canaccord Genuity Group from C$14.00 to C$12.50 in a report released on Monday morning,BayStreet.CA reports.

Other research analysts have also issued reports about the stock. BMO Capital Markets lifted their price objective on shares of Capstone Copper from C$11.00 to C$11.50 in a research note on Friday, August 2nd. Royal Bank of Canada lowered their price target on Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. CIBC upped their price objective on Capstone Copper from C$12.00 to C$12.50 in a research note on Monday. Eight Capital increased their price objective on Capstone Copper from C$14.00 to C$15.00 in a research report on Friday, November 22nd. Finally, TD Securities boosted their target price on Capstone Copper from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Twelve analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$12.84.

Capstone Copper Price Performance

CS stock opened at C$9.46 on Monday. The business has a 50 day moving average price of C$10.18 and a 200 day moving average price of C$9.73. Capstone Copper has a fifty-two week low of C$5.28 and a fifty-two week high of C$11.51. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10. The stock has a market cap of C$7.12 billion, a price-to-earnings ratio of -45.81, a PEG ratio of -0.09 and a beta of 2.14.

Capstone Copper (TSE:CS) last announced its earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). The firm had revenue of C$572.14 million during the quarter, compared to analyst estimates of C$612.00 million. Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%. Equities research analysts anticipate that Capstone Copper will post 0.8541833 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Darren Murvin Pylot sold 283,954 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of C$9.96, for a total value of C$2,828,181.84. Also, Director Humberto Antonio Fernandois sold 60,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$9.25, for a total transaction of C$554,880.00. In the last ninety days, insiders have sold 974,079 shares of company stock worth $10,016,304. Corporate insiders own 15.37% of the company’s stock.

About Capstone Copper

Capstone Copper Corp. operates as a copper mining company in the United States, Chile, and Mexico. It primarily explores for copper, silver, zinc, and other metals. The company owns 100% interests in Pinto Valley copper mine located in the Arizona, the United States; Mantos Blancos copper-silver mine located in the Region of Antofagasta, Chile; Santo Domingo copper-iron-gold-cobalt project located in the Atacama region, Chile; and Cozamin copper-silver mine located in the Zacatecas, Mexico.