Capstone Copper (TSE:CS) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of Capstone Copper Corp. (TSE:CS) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$13.00 and traded as high as C$15.74. Capstone Copper shares last traded at C$15.54, with a volume of 3,992,413 shares trading hands.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Capstone Copper from C$17.00 to C$20.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Desjardins lowered Capstone Copper from a “buy” rating to a “hold” rating and lowered their target price for the company from C$18.00 to C$16.00 in a report on Wednesday, February 18th. Canadian Imperial Bank of Commerce lowered Capstone Copper from an “outperform” rating to a “hold” rating and lowered their target price for the company from C$20.00 to C$16.00 in a report on Thursday, February 19th. TD lowered their target price on Capstone Copper from C$17.00 to C$16.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, National Bank Financial lowered their target price on Capstone Copper from C$15.00 to C$14.00 and set an “outperform” rating for the company in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.00.

Capstone Copper Price Performance

The company has a market capitalization of C$11.87 billion, a P/E ratio of 28.25, a price-to-earnings-growth ratio of -0.09 and a beta of 2.18. The company has a fifty day moving average price of C$12.14 and a 200 day moving average price of C$13.00. The company has a debt-to-equity ratio of 45.85, a current ratio of 1.35 and a quick ratio of 0.98.

Capstone Copper (TSE:CS) last posted its earnings results on Wednesday, April 29th. The mining company reported C$0.17 EPS for the quarter. The company had revenue of C$907.15 million during the quarter. Capstone Copper had a return on equity of 12.69% and a net margin of 17.04%. On average, sell-side analysts forecast that Capstone Copper Corp. will post 0.8541833 EPS for the current fiscal year.

Insider Activity

In other news, Director John Mackenzie sold 816,200 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of C$13.09, for a total transaction of C$10,684,058.00. Following the completion of the transaction, the director directly owned 7,000,000 shares in the company, valued at approximately C$91,630,000. The trade was a 10.44% decrease in their ownership of the stock. Corporate insiders own 15.37% of the company’s stock.

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.