Desjardins Downgrades Capstone Copper (TSE:CS) to Hold

Capstone Copper (TSE:CS) was downgraded by research analysts at Desjardins from a “buy” rating to a “hold” rating in a report released on Wednesday,BayStreet.CA reports. They presently have a C$16.00 price objective on the mining company’s stock, down from their prior price objective of C$18.00. Desjardins’ target price points to a potential upside of 16.36% from the company’s current price.

A number of other analysts have also weighed in on CS. Royal Bank Of Canada upped their price objective on shares of Capstone Copper from C$15.00 to C$17.00 in a research note on Wednesday, December 10th. Scotiabank upped their price objective on shares of Capstone Copper from C$16.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Clarkson Capital upgraded Capstone Copper from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. TD Securities raised their target price on Capstone Copper from C$10.00 to C$14.00 in a report on Tuesday, October 21st. Finally, Stifel Nicolaus boosted their price target on Capstone Copper from C$17.00 to C$20.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$16.61.

Capstone Copper Stock Down 2.5%

TSE CS opened at C$13.75 on Wednesday. The stock has a market capitalization of C$10.50 billion, a PE ratio of 33.54, a PEG ratio of -0.09 and a beta of 2.34. The business’s 50-day moving average is C$14.50 and its 200 day moving average is C$12.29. Capstone Copper has a 1 year low of C$4.98 and a 1 year high of C$18.04. The company has a debt-to-equity ratio of 44.16, a current ratio of 0.94 and a quick ratio of 0.98.

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.