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

Capstone Copper (TSE:CS) had its price target lifted by equities researchers at CIBC from C$12.00 to C$12.50 in a research note issued to investors on Monday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 29.94% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. Scotiabank raised their target price 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. BMO Capital Markets raised their target price on shares of Capstone Copper from C$11.00 to C$11.50 in a report on Friday, August 2nd. Canaccord Genuity Group cut their price target on Capstone Copper from C$15.00 to C$14.00 in a report on Monday, November 4th. National Bankshares lifted their price target on 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, Eight Capital lifted their price target on Capstone Copper from C$14.00 to C$15.00 in a report on Friday, November 22nd. Twelve analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$12.84.

Capstone Copper Stock Down 2.2 %

TSE:CS opened at C$9.62 on Monday. The company has a debt-to-equity ratio of 40.10, a quick ratio of 0.98 and a current ratio of 0.94. The stock has a 50-day simple moving average of C$10.17 and a 200 day simple moving average of C$9.73. Capstone Copper has a one year low of C$5.26 and a one year high of C$11.51. The company has a market capitalization of C$7.24 billion, a price-to-earnings ratio of -46.10, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of C$612.00 million. Sell-side analysts predict that Capstone Copper will post 0.8541833 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Humberto Antonio Fernandois sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$9.25, for a total transaction of C$554,880.00. Also, Director Darren Murvin Pylot sold 283,954 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of C$9.96, for a total value of C$2,828,181.84. Insiders have sold a total of 974,079 shares of company stock valued at $10,016,304 over the last quarter. 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.