Capstone Mining Corp (CS) Given “Outperform” Rating at CIBC
Capstone Mining Corp (TSE:CS)‘s stock had its “outperform” rating reaffirmed by equities researchers at CIBC in a research report issued on Friday. They currently have a C$2.00 price objective on the mining company’s stock. CIBC’s target price would indicate a potential upside of 48.15% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. BMO Capital Markets restated an “outperform” rating and issued a C$2.00 price target on shares of Capstone Mining Corp in a research note on Thursday, July 13th. Scotiabank restated an “outperform” rating and issued a C$1.50 price target on shares of Capstone Mining Corp in a research note on Tuesday, August 1st. National Bank Financial raised their price target on shares of Capstone Mining Corp from C$1.45 to C$1.60 and gave the company a “sector perform” rating in a research note on Tuesday, August 1st. Finally, Eight Capital restated a “buy” rating on shares of Capstone Mining Corp in a research note on Thursday, August 17th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Capstone Mining Corp presently has a consensus rating of “Buy” and a consensus price target of C$1.61.
Capstone Mining Corp (TSE CS) traded down 1.46% during trading on Friday, reaching $1.35. 1,109,556 shares of the company’s stock were exchanged. Capstone Mining Corp has a 52-week low of $0.68 and a 52-week high of $1.81. The stock’s 50 day moving average price is $1.28 and its 200 day moving average price is $1.13. The firm’s market cap is $528.27 million.
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In other Capstone Mining Corp news, insider George Leslie Brack bought 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The shares were acquired at an average cost of C$0.80 per share, for a total transaction of C$80,000.00. Also, Director Manuel Arturo Estrada sold 23,958 shares of Capstone Mining Corp stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of C$1.46, for a total transaction of C$34,978.68. Over the last quarter, insiders have purchased 866,000 shares of company stock worth $721,740.
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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