Eight Capital Issues Positive Forecast for Capstone Copper (TSE:CS) Stock Price

Capstone Copper (TSE:CS) had its target price lifted by equities research analysts at Eight Capital from C$14.00 to C$15.00 in a note issued to investors on Friday,BayStreet.CA reports. Eight Capital’s price target would suggest a potential upside of 50.30% from the stock’s current price.

Several other analysts have also weighed in on the company. BMO Capital Markets increased their price target on Capstone Copper from C$11.00 to C$11.50 in a report on Friday, August 2nd. Royal Bank of Canada dropped their price target on shares of Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Raymond James set a C$12.00 price objective on shares of Capstone Copper and gave the stock an “outperform” rating in a research report on Tuesday, September 3rd. Canaccord Genuity Group dropped their target price on Capstone Copper from C$15.00 to C$14.00 in a research report on Monday, November 4th. Finally, Scotiabank raised their price target on Capstone Copper from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$12.93.

Capstone Copper Price Performance

CS traded down C$0.31 during trading hours on Friday, hitting C$9.98. The company’s stock had a trading volume of 1,221,722 shares, compared to its average volume of 2,244,465. The stock has a market cap of C$7.51 billion, a price-to-earnings ratio of -47.52, a P/E/G ratio of -0.09 and a beta of 2.14. The business’s 50-day moving average price is C$10.08 and its 200-day moving average price is C$9.74. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 40.10. Capstone Copper has a 12 month low of C$5.26 and a 12 month high of C$11.51.

Capstone Copper (TSE:CS) last announced its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of C$572.14 million during the quarter, compared to the consensus estimate of C$612.00 million. Sell-side analysts expect that Capstone Copper will post 0.8541833 earnings per share for the current fiscal year.

Insider Buying and Selling at Capstone Copper

In other Capstone Copper news, Director Humberto Antonio Fernandois sold 60,000 shares of the firm’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. Also, Director Darren Murvin Pylot sold 283,954 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of C$9.96, for a total value of C$2,828,181.84. In the last 90 days, insiders have sold 974,079 shares of company stock valued at $10,016,304. 15.37% of the stock is currently owned by corporate insiders.

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.