Capstone Mining Corp Lowered to Hold at Canaccord Genuity (CS)
Capstone Mining Corp (TSE:CS) was downgraded by stock analysts at Canaccord Genuity from a “buy” rating to a “hold” rating in a report issued on Wednesday. They currently have a C$3.10 price target on the stock, up from their previous price target of C$3.00. Canaccord Genuity’s price objective suggests a potential upside of 3.33% from the stock’s previous close.
A number of other analysts have also recently weighed in on CS. Analysts at Mackie cut their price target on shares of Capstone Mining Corp from C$4.00 to C$3.80 in a research note on Friday, June 6th. They now have a “buy” rating on the stock. Separately, analysts at Raymond James downgraded shares of Capstone Mining Corp from a “strong-buy” rating to an “outperform” rating in a research note on Friday, June 6th. They now have a C$3.75 price target on the stock, down previously from C$4.00. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Capstone Mining Corp in a research note on Thursday, June 5th. They now have a C$3.80 price target on the stock, down previously from C$4.00. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$4.68.
Shares of Capstone Mining Corp (TSE:CS) traded down 0.99% during mid-day trading on Wednesday, hitting $3.00. The stock had a trading volume of 2,159,193 shares. Capstone Mining Corp has a 52 week low of $1.80 and a 52 week high of $3.35. The stock’s 50-day moving average is $2.65 and its 200-day moving average is $2.8. The company’s market cap is $1.145 billion.
Capstone Mining Corp (TSE:CS) last announced its earnings results on Friday, May 9th. The company reported ($0.01) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.11 by $0.12. On average, analysts predict that Capstone Mining Corp will post $0.22 earnings per share for the current fiscal year.
Capstone Mining Corp. is a Canadian mining company engaged in the production and development of and the exploration for base and precious metals in Canada, Mexico, Chile and Australia.
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