National Bankshares Has Lowered Expectations for Capstone Copper (TSE:CS) Stock Price

Capstone Copper (TSE:CS) had its target price decreased by National Bankshares from C$11.50 to C$11.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. National Bankshares’ price target would suggest a potential upside of 35.14% from the company’s previous close.

A number of other equities research analysts have also issued reports on CS. CIBC upped their price objective on shares of Capstone Copper from C$12.00 to C$12.50 in a report on Monday, November 25th. Canaccord Genuity Group lowered their price objective on Capstone Copper from C$14.00 to C$12.50 in a research report on Monday, November 25th. Paradigm Capital set a C$12.00 target price on Capstone Copper and gave the company a “buy” rating in a research report on Thursday, November 28th. Scotiabank cut their price objective on Capstone Copper from C$12.00 to C$11.00 in a research report on Tuesday, January 21st. Finally, Citigroup raised shares of Capstone Copper to a “strong-buy” rating in a research note on Wednesday, December 11th. Thirteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Capstone Copper has a consensus rating of “Buy” and an average price target of C$12.38.

Capstone Copper Stock Performance

CS opened at C$8.14 on Thursday. The firm has a market capitalization of C$6.13 billion, a PE ratio of -38.76, a PEG ratio of -0.09 and a beta of 2.14. 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 twelve month low of C$6.23 and a twelve month high of C$11.51. The firm’s 50-day moving average price is C$8.95 and its 200 day moving average price is C$9.39.

Capstone Copper (TSE:CS) last posted its quarterly 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 company had revenue of C$572.14 million during 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, sell-side analysts expect that Capstone Copper will post 0.8541833 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Mackenzie sold 49,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$9.65, for a total value of C$473,075.40. Also, Director Darren Murvin Pylot sold 500,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$10.50, for a total transaction of C$5,249,450.00. Over the last quarter, insiders have sold 843,250 shares of company stock valued at $8,656,280. 15.37% of the stock is owned by corporate insiders.

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.