Capstone Copper (TSE:CS) Price Target Cut to C$12.50 by Analysts at Canaccord Genuity Group

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

CS has been the topic of several other reports. Raymond James set a C$12.00 target price on Capstone Copper and gave the stock an “outperform” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada cut their price objective on 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 upped 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. National Bankshares lifted their price target on shares of Capstone Copper from C$12.75 to C$13.75 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Finally, Scotiabank upped their price objective on shares of 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 equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$12.84.

Capstone Copper Stock Down 2.0 %

CS opened at C$9.84 on Monday. 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 has a 12 month low of C$5.26 and a 12 month high of C$11.51. The business’s 50-day moving average price is C$10.15 and its 200-day moving average price is C$9.74. The company has a market cap of C$7.41 billion, a P/E ratio of -46.86, a P/E/G ratio of -0.09 and a beta of 2.14.

Capstone Copper (TSE:CS) last issued its earnings results on Thursday, October 31st. The mining company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.07). The firm had revenue of C$572.14 million during the quarter, compared to analysts’ expectations of C$612.00 million. Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. On average, equities analysts expect 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 500,000 shares of the stock in a transaction 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. Also, Director Humberto Antonio Fernandois sold 60,000 shares of Capstone Copper stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$9.25, for a total value of C$554,880.00. Insiders sold a total of 974,079 shares of company stock valued at $10,016,304 in the last three months. Company 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.