Canaccord Genuity Group Lowers Capstone Copper (TSE:CS) Price Target to C$14.00

Capstone Copper (TSE:CS) had its price objective reduced by analysts at Canaccord Genuity Group from C$15.00 to C$14.00 in a note issued to investors on Monday, BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 38.48% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Scotiabank upped their price target on shares of Capstone Copper from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. National Bankshares increased their price target on Capstone Copper from C$12.75 to C$13.75 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Raymond James set a C$12.00 price objective on Capstone Copper and gave the stock an “outperform” rating in a research note on Tuesday, September 3rd. Eight Capital raised their target price on Capstone Copper from C$12.50 to C$14.00 in a research note on Thursday, July 11th. Finally, Jefferies Financial Group boosted their price target on shares of Capstone Copper from C$13.00 to C$14.00 in a research report on Friday, July 12th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$12.84.

Capstone Copper Stock Up 4.8 %

CS opened at C$10.11 on Monday. The stock’s 50 day moving average price is C$9.87 and its 200 day moving average price is C$9.70. The company has a debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98. The stock has a market cap of C$7.61 billion, a P/E ratio of -48.14, a P/E/G ratio of -0.09 and a beta of 2.14. Capstone Copper has a 12 month low of C$4.40 and a 12 month high of C$11.51.

Capstone Copper (TSE:CS) last issued its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). The business had revenue of C$572.14 million for 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%. As a group, research analysts predict that Capstone Copper will post 0.8541833 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Humberto Antonio Fernandois sold 29,906 shares of Capstone Copper stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$9.26, for a total transaction of C$276,977.41. In other Capstone Copper news, Director Humberto Antonio Fernandois sold 29,906 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$9.26, for a total value of C$276,977.41. Also, Director Darren Murvin Pylot sold 100,000 shares of Capstone Copper stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$11.05, for a total transaction of C$1,104,990.00. In the last 90 days, insiders sold 474,079 shares of company stock valued at $4,766,854. Company insiders own 15.37% of the company’s stock.

Capstone Copper Company Profile

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.