Capstone Copper (TSE:CS) Shares Pass Above 200 Day Moving Average on Disappointing Earnings

Capstone Copper Corp. (TSE:CS) shares passed above its two hundred day moving average during trading on Friday following a stronger than expected earnings report. The stock has a two hundred day moving average of C$9.70 and traded as high as C$9.87. Capstone Copper shares last traded at C$9.74, with a volume of 2,475,063 shares traded.

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 for the quarter, compared to analyst estimates of C$612.00 million. Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CS shares. TD Securities raised 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 report on Wednesday, October 2nd. Eight Capital lifted their target price on shares of Capstone Copper from C$12.50 to C$14.00 in a research note on Thursday, July 11th. Royal Bank of Canada cut 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. National Bankshares lifted their price objective on 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. Finally, Stifel Nicolaus upped their target price on Capstone Copper from C$11.50 to C$12.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$12.84.

Insider Transactions at Capstone Copper

In other Capstone Copper news, Director Darren Murvin Pylot sold 100,000 shares of the business’s stock in a transaction 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. In other news, Director Darren Murvin Pylot sold 100,000 shares of Capstone Copper stock in a transaction dated 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 business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$9.25, for a total transaction of C$554,880.00. Insiders sold a total of 474,079 shares of company stock valued at $4,766,854 over the last three months. Corporate insiders own 15.37% of the company’s stock.

Capstone Copper Stock Performance

The company has a 50-day moving average price of C$9.87 and a two-hundred day moving average price of C$9.70. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10. The stock has a market capitalization of C$7.33 billion, a P/E ratio of -46.38, a PEG ratio of -0.09 and a beta of 2.14.

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.