Capstone Copper (TSE:CS) Price Target Increased to C$13.00 by Analysts at Scotiabank

Capstone Copper (TSE:CS) had its price target raised by stock analysts at Scotiabank from C$12.00 to C$13.00 in a report released on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the mining company’s stock. Scotiabank’s price target would indicate a potential upside of 17.65% from the stock’s previous close.

CS has been the subject of several other research reports. CIBC lifted their target price on shares of Capstone Copper from C$10.50 to C$12.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Eight Capital raised their target price on Capstone Copper from C$12.50 to C$14.00 in a report on Thursday, July 11th. TD Securities boosted their price target on shares of Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank of Canada dropped their price objective on shares of Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Finally, BMO Capital Markets increased their target price on shares of Capstone Copper from C$11.00 to C$11.50 in a report on Friday, August 2nd. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat, Capstone Copper presently has an average rating of “Buy” and a consensus target price of C$12.75.

Capstone Copper Trading Up 2.8 %

CS stock traded up C$0.30 during trading on Wednesday, reaching C$11.05. 832,016 shares of the stock were exchanged, compared to its average volume of 2,223,603. The business has a 50 day moving average price of C$9.22 and a 200-day moving average price of C$9.44. Capstone Copper has a 1 year low of C$4.40 and a 1 year high of C$11.51. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 40.10. The firm has a market capitalization of C$8.32 billion, a price-to-earnings ratio of -55.25, a P/E/G ratio of -0.09 and a beta of 2.15.

Capstone Copper (TSE:CS) last posted its earnings results on Thursday, August 1st. The mining company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.02). The business had revenue of C$537.85 million during the quarter, compared to analysts’ expectations of C$545.84 million. Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%. On average, research analysts predict that Capstone Copper will post 0.8813421 earnings per share for the current year.

Insiders Place Their Bets

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. In related news, Director Darren Murvin Pylot sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was 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 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 have sold a total of 474,079 shares of company stock valued at $4,766,854 over the last quarter. Company insiders own 15.41% 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.