Capstone Copper (TSE:CS) Given New C$11.00 Price Target at Scotiabank

Capstone Copper (TSE:CS) had its price target cut by Scotiabank from C$12.00 to C$11.00 in a research note published on Thursday,BayStreet.CA reports.

Other analysts also recently issued research reports about the company. National Bankshares dropped their target price on Capstone Copper from C$11.50 to C$11.00 and set an “outperform” rating for the company in a research report on Thursday. Paradigm Capital set a C$12.00 target price on Capstone Copper and gave the company a “buy” rating in a research note on Thursday, November 28th. TD Securities increased their price objective on Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. CIBC raised their price target on Capstone Copper from C$12.00 to C$12.50 in a report on Monday, November 25th. Finally, Eight Capital upped their price target on Capstone Copper from C$14.00 to C$15.00 in a report on Friday, November 22nd. Thirteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$12.38.

Capstone Copper Stock Down 3.2 %

Shares of TSE:CS opened at C$8.14 on Thursday. The company has a market cap of C$6.13 billion, a price-to-earnings ratio of -38.76, a PEG ratio of -0.09 and a beta of 2.14. Capstone Copper has a one year low of C$6.23 and a one year high of C$11.51. The firm has a fifty day moving average price of C$8.95 and a two-hundred day moving average price of C$9.39. The company has a debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98.

Capstone Copper (TSE:CS) last announced its earnings results 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 net margin of 1.47% and a negative return on equity of 1.24%. The company had revenue of C$572.14 million for the quarter, compared to the consensus estimate of C$612.00 million. Analysts anticipate that Capstone Copper will post 0.8541833 EPS for the current fiscal year.

Insider Activity

In other Capstone Copper 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 transaction of C$5,249,450.00. Also, Director John Mackenzie sold 49,000 shares of the firm’s stock in a transaction 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. Insiders have sold a total of 843,250 shares of company stock worth $8,656,280 over the last quarter. Insiders own 15.37% of the company’s stock.

Capstone Copper Company Profile

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.