Capstone Copper Corp. (TSE:CS) Receives Average Recommendation of “Buy” from Brokerages

Shares of Capstone Copper Corp. (TSE:CS) have been given an average rating of “Buy” by the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Thirteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$12.38.

A number of equities research analysts have commented on the company. Canaccord Genuity Group reduced their target price on Capstone Copper from C$14.00 to C$12.50 in a research report on Monday, November 25th. Scotiabank lowered their target price on shares of Capstone Copper from C$12.00 to C$11.00 in a research note on Thursday. CIBC boosted their price target on shares of Capstone Copper from C$12.00 to C$12.50 in a research note on Monday, November 25th. Citigroup raised shares of Capstone Copper to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, Eight Capital upped their price target on Capstone Copper from C$14.00 to C$15.00 in a research note on Friday, November 22nd.

Insider Activity at Capstone Copper

In other news, Director John Mackenzie sold 49,000 shares of the company’s 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 transaction of C$473,075.40. Also, Director Darren Murvin Pylot sold 44,250 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$9.60, for a total transaction of C$424,804.43. Insiders sold a total of 843,250 shares of company stock worth $8,656,280 in the last 90 days. 15.37% of the stock is owned by insiders.

Capstone Copper Stock Performance

CS opened at C$8.14 on Friday. Capstone Copper has a twelve month low of C$6.23 and a twelve month high of C$11.51. 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. 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 released its quarterly earnings data on Thursday, October 31st. The mining company reported C$0.04 earnings per share 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 company had revenue of C$572.14 million for the quarter, compared to analyst estimates of C$612.00 million. As a group, sell-side analysts expect that Capstone Copper will post 0.8541833 EPS for the current fiscal year.

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.