Eight Capital Issues Positive Forecast for Capstone Copper (TSE:CS) Stock Price

Capstone Copper (TSE:CS) had its price objective hoisted by Eight Capital from C$14.00 to C$15.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

Several other research analysts have also weighed in on CS. Raymond James set a C$12.00 target price on shares of Capstone Copper and gave the stock an “outperform” rating in a research note on Tuesday, September 3rd. Canaccord Genuity Group reduced their price target on shares of Capstone Copper from C$15.00 to C$14.00 in a research report on Monday, November 4th. Royal Bank of Canada reduced 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. Scotiabank increased 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 report on Wednesday, October 2nd. Finally, National Bankshares increased their price target on shares of Capstone Copper from C$12.75 to C$13.75 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Capstone Copper has a consensus rating of “Buy” and a consensus price target of C$12.84.

Capstone Copper Price Performance

Capstone Copper stock opened at C$9.84 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10. Capstone Copper has a 52-week low of C$5.26 and a 52-week high of C$11.51. The company has a fifty day simple moving average of C$10.15 and a 200-day simple moving average of C$9.74. The firm has a market capitalization of C$7.41 billion, a price-to-earnings ratio of -46.86, a PEG ratio of -0.09 and a beta of 2.14.

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

Insider Transactions at Capstone Copper

In related news, 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 value of C$1,104,990.00. Also, Director Humberto Antonio Fernandois sold 60,000 shares of the firm’s stock in a transaction 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. Over the last ninety days, insiders have sold 974,079 shares of company stock worth $10,016,304. 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.