Scotiabank Increases Capstone Copper (TSE:CS) Price Target to C$18.00

Capstone Copper (TSE:CS) had its price target lifted by Scotiabank from C$16.00 to C$18.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the mining company’s stock. Scotiabank’s price target points to a potential upside of 31.58% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. National Bankshares lifted their target price on Capstone Copper from C$15.00 to C$16.50 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Stifel Nicolaus upped their price objective on Capstone Copper from C$12.00 to C$17.00 in a research note on Tuesday, October 21st. TD Securities lifted their target price on Capstone Copper from C$10.00 to C$14.00 in a research note on Tuesday, October 21st. CIBC upped their price target on Capstone Copper from C$11.50 to C$16.50 in a research note on Friday, October 10th. Finally, Jefferies Financial Group set a C$15.00 price objective on shares of Capstone Copper in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$16.00.

Capstone Copper Stock Up 0.7%

Capstone Copper stock opened at C$13.68 on Thursday. Capstone Copper has a one year low of C$4.98 and a one year high of C$14.92. The stock has a fifty day moving average of C$12.78 and a 200 day moving average of C$10.87. The company has a debt-to-equity ratio of 44.16, a quick ratio of 0.98 and a current ratio of 0.94. The stock has a market cap of C$10.44 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of -0.09 and a beta of 2.60.

Capstone Copper (TSE:CS) last released its quarterly earnings results on Thursday, October 30th. The mining company reported C$0.32 earnings per share (EPS) for the quarter. Capstone Copper had a negative return on equity of 0.74% and a negative net margin of 1.47%.The business had revenue of C$833.28 million during the quarter. As a group, sell-side analysts predict that Capstone Copper will post 0.8541833 EPS for the current year.

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.