Stifel Nicolaus Forecasts Strong Price Appreciation for Capstone Copper (TSE:CS) Stock

Capstone Copper (TSE:CS) had its price target hoisted by stock analysts at Stifel Nicolaus from C$20.00 to C$21.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the mining company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 56.02% from the stock’s previous close.

Several other brokerages have also recently issued reports on CS. TD dropped their target price on shares of Capstone Copper from C$17.00 to C$16.00 and set a “buy” rating on the stock in a report on Friday, April 10th. National Bank Financial increased their price target on Capstone Copper from C$14.00 to C$16.50 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Finally, Scotiabank raised their price target on Capstone Copper from C$15.50 to C$18.00 and gave the stock a “sector outperform” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$16.35.

Capstone Copper Price Performance

TSE CS opened at C$13.46 on Tuesday. Capstone Copper has a one year low of C$7.05 and a one year high of C$18.04. The stock has a 50-day moving average of C$13.62 and a 200 day moving average of C$13.22. The company has a market capitalization of C$10.28 billion, a price-to-earnings ratio of 24.47, a PEG ratio of -0.09 and a beta of 2.20. The company has a debt-to-equity ratio of 45.85, a quick ratio of 0.98 and a current ratio of 1.35.

Capstone Copper (TSE:CS) last issued its earnings results on Wednesday, April 29th. The mining company reported C$0.17 earnings per share for the quarter. The business 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 will post 0.8541833 EPS for the current year.

Insider Activity at Capstone Copper

In other news, Director John Mackenzie sold 816,200 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of C$13.09, for a total value of C$10,684,058.00. Following the completion of the sale, the director directly owned 7,000,000 shares in the company, valued at C$91,630,000. This represents a 10.44% decrease in their position. 15.37% of the stock is owned by company insiders.

Capstone Copper Company Profile

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.