Capstone Copper (TSE:CS) Given New C$12.50 Price Target at CIBC

Capstone Copper (TSE:CS) had its price objective boosted by CIBC from C$12.00 to C$12.50 in a research note issued to investors on Monday,BayStreet.CA reports.

Other equities analysts have also issued reports about the company. National Bankshares lifted their price objective on Capstone Copper from C$12.75 to C$13.75 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Royal Bank of Canada dropped their price target on shares of Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. TD Securities increased their price objective on shares of Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. BMO Capital Markets boosted their target price on shares of Capstone Copper from C$11.00 to C$11.50 in a report on Friday, August 2nd. Finally, Scotiabank increased their price target on Capstone Copper from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat.com, Capstone Copper currently has an average rating of “Buy” and an average target price of C$12.84.

Capstone Copper Trading Down 2.0 %

Shares of TSE CS opened at C$9.84 on Monday. The stock has a market cap of C$7.41 billion, a P/E ratio of -46.86, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. The firm has a 50 day moving average price of C$10.15 and a two-hundred day moving average price of C$9.74. The company has a debt-to-equity ratio of 40.10, a quick ratio of 0.98 and a current ratio of 0.94. Capstone Copper has a 52-week low of C$5.26 and a 52-week high of C$11.51.

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 the consensus estimate of C$0.11 by C($0.07). The company had revenue of C$572.14 million for the quarter, compared to the consensus estimate of C$612.00 million. Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. As a group, equities analysts forecast that Capstone Copper will post 0.8541833 EPS for the current year.

Insider Activity at Capstone Copper

In other news, Director Darren Murvin Pylot sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$11.05, for a total value of C$1,104,990.00. Also, Director Humberto Antonio Fernandois sold 60,000 shares of Capstone Copper stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$9.25, for a total value of C$554,880.00. Insiders sold 974,079 shares of company stock valued at $10,016,304 in the last three months. 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.