Brokerages Set Capstone Copper Corp. (TSE:CS) Target Price at C$12.84

Capstone Copper Corp. (TSE:CS) has earned a consensus recommendation of “Buy” from the twelve research firms that are currently covering the firm, MarketBeat reports. Twelve analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$12.84.

CS has been the subject of several analyst reports. Scotiabank upped their price objective on Capstone Copper from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. TD Securities upped their price target on Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada lowered their price objective 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. BMO Capital Markets upped their price objective on shares of Capstone Copper from C$11.00 to C$11.50 in a research report on Friday, August 2nd. Finally, Stifel Nicolaus lifted their target price on shares of Capstone Copper from C$11.50 to C$12.00 and gave the company a “buy” rating in a report on Monday, July 22nd.

Capstone Copper Stock Performance

Shares of CS opened at C$9.47 on Monday. The company’s 50 day simple moving average is C$9.95 and its 200-day simple moving average is C$9.73. The firm has a market cap of C$7.13 billion, a PE ratio of -45.10, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. Capstone Copper has a 12-month low of C$4.63 and a 12-month high of C$11.51. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 40.10.

Capstone Copper (TSE:CS) last issued its quarterly earnings data 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). Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. The business had revenue of C$572.14 million for the quarter, compared to analysts’ expectations of C$612.00 million. As a group, equities analysts predict that Capstone Copper will post 0.8541833 EPS for the current year.

Insider Buying and Selling

In related news, Director Darren Murvin Pylot sold 500,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$10.50, for a total value of C$5,249,450.00. In other Capstone Copper news, Director Humberto Antonio Fernandois sold 29,906 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$9.26, for a total transaction of C$276,977.41. Also, Director Darren Murvin Pylot sold 500,000 shares of Capstone Copper stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$10.50, for a total transaction of C$5,249,450.00. Over the last 90 days, insiders have sold 974,079 shares of company stock valued at $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.