Capstone Mining Corp (CS) Stock Rating Reaffirmed by Scotiabank
Capstone Mining Corp (TSE:CS)‘s stock had its “outperform” rating reaffirmed by stock analysts at Scotiabank in a note issued to investors on Monday, StockTargetPrices.com reports. They currently have a C$1.60 price target on the mining company’s stock. Scotiabank’s price target would indicate a potential upside of 92.77% from the stock’s previous close.
A number of other research analysts have also weighed in on the company. TD Securities restated a “buy” rating and issued a C$1.90 target price on shares of Capstone Mining Corp in a report on Wednesday, April 26th. CSFB initiated coverage on Capstone Mining Corp in a report on Thursday, April 13th. They issued a “neutral” rating on the stock. Finally, BMO Capital Markets restated an “outperform” rating and issued a C$2.00 target price on shares of Capstone Mining Corp in a report on Wednesday, April 12th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$1.49.
Capstone Mining Corp (TSE CS) remained flat at $0.83 during midday trading on Monday. 292,449 shares of the company were exchanged. Capstone Mining Corp has a 52-week low of $0.65 and a 52-week high of $1.81. The stock’s market cap is $324.79 million. The stock’s 50-day moving average is $0.92 and its 200 day moving average is $1.24.
In other news, insider Grm Investments Ltd. bought 1,824,500 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was acquired at an average cost of C$0.88 per share, with a total value of C$1,605,560.00. Also, insider Jason Paul Howe bought 50,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was purchased at an average cost of C$0.91 per share, with a total value of C$45,500.00. Insiders acquired 3,420,500 shares of company stock valued at $3,066,095 over the last three months.
About Capstone Mining Corp
Capstone Mining Corp. is a Canada-based mining company. The Company is engaged in the production of and exploration for base metals in the United States, Mexico, Canada and Chile, with a focus on copper. The Company’s segments include individual mining operations of Pinto Valley (the United States), Cozamin (Mexico), Minto (Canada), Santo Domingo development project (Chile) and other.
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