Capstone Copper (TSE:CS) Price Target Raised to C$11.00

Capstone Copper (TSE:CS) had its price objective lifted by Eight Capital from C$9.00 to C$11.00 in a report issued on Monday, BayStreet.CA reports. The firm currently has a buy rating on the mining company’s stock.

A number of other research analysts also recently commented on the stock. Stifel Canada reaffirmed a buy rating on shares of Capstone Copper in a research report on Monday, March 25th. BMO Capital Markets lifted their price target on Capstone Copper from C$7.50 to C$8.00 in a report on Friday, February 23rd. Canaccord Genuity Group raised their target price on Capstone Copper from C$9.50 to C$13.00 and gave the company a buy rating in a report on Wednesday, April 17th. National Bankshares upped their price target on Capstone Copper from C$8.25 to C$8.75 in a research note on Thursday, January 25th. Finally, CIBC boosted their target price on Capstone Copper from C$8.00 to C$10.50 and gave the stock an outperform rating in a report on Wednesday, April 17th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of Buy and a consensus target price of C$9.63.

Capstone Copper Price Performance

Shares of TSE:CS opened at C$9.21 on Monday. The company has a market cap of C$6.93 billion, a P/E ratio of -43.86, a price-to-earnings-growth ratio of -0.09 and a beta of 2.32. The company’s fifty day moving average is C$8.05 and its two-hundred day moving average is C$6.58. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 44.25. Capstone Copper has a 12-month low of C$4.40 and a 12-month high of C$9.80.

Capstone Copper (TSE:CS) last announced its quarterly earnings data on Thursday, February 22nd. The mining company reported C$0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.02. Capstone Copper had a negative return on equity of 3.99% and a negative net margin of 7.56%. The firm had revenue of C$481.57 million during the quarter. Equities analysts expect that Capstone Copper will post 0.3505466 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Capstone Copper news, Director Gordon James Bell bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of C$7.06 per share, for a total transaction of C$141,140.00. In other Capstone Copper news, Director Darren Murvin Pylot sold 83,600 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$8.14, for a total transaction of C$680,228.12. Also, Director Gordon James Bell bought 20,000 shares of Capstone Copper stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average price of C$7.06 per share, for a total transaction of C$141,140.00. 17.24% of the stock is owned by company insiders.

Capstone Copper Company Profile

Capstone Copper Corp. operates as a copper mining company in the United States, Chile, and Mexico. It primarily explores for copper, silver, zinc, and other metals. The company owns 100% interests in Pinto Valley copper mine located in the Arizona, the United States; Mantos Blancos copper-silver mine located in the Region of Antofagasta, Chile; Santo Domingo copper-iron-gold-cobalt project located in the Atacama region, Chile; and Cozamin copper-silver mine located in the Zacatecas, Mexico.