Capstone Copper (TSE:CS) Sets New 12-Month Low – Here’s Why

Capstone Copper Corp. (TSE:CS)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$6.89 and last traded at C$6.89, with a volume of 1458144 shares traded. The stock had previously closed at C$7.61.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citigroup raised Capstone Copper to a “strong-buy” rating in a report on Wednesday, December 11th. The Goldman Sachs Group upgraded shares of Capstone Copper to a “hold” rating in a report on Thursday, March 13th. National Bankshares reduced their price objective on shares of Capstone Copper from C$11.50 to C$11.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Scotiabank cut their price target on Capstone Copper from C$12.00 to C$11.00 in a report on Thursday, January 30th. Finally, Stifel Canada upgraded Capstone Copper to a “strong-buy” rating in a report on Wednesday, March 19th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Capstone Copper has a consensus rating of “Buy” and a consensus price target of C$12.38.

Capstone Copper Stock Down 15.2 %

The firm has a 50-day simple moving average of C$8.23 and a 200 day simple moving average of C$9.16. The company has a market capitalization of C$3.45 billion, a PE ratio of -165.12, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. The company has a debt-to-equity ratio of 44.16, a current ratio of 0.94 and a quick ratio of 0.98.

About Capstone Copper

Capstone Copper Corp is a company that mines, explores, and develops mineral properties in the Americas. Specifically, the group has operating mines in the US, Mexico, and Canada, and development projects in Chile and Canada. Capstone’s main focus is copper, but the company also produces zinc, lead, molybdenum, silver, and gold.