Eight Capital Forecasts Strong Price Appreciation for Capstone Copper (TSE:CS) Stock

Capstone Copper (TSE:CS - Free Report) had its price target raised by Eight Capital from C$14.00 to C$15.00 in a research note released on Friday morning,BayStreet.CA reports.

Several other analysts have also weighed in on the company. Canaccord Genuity Group cut their price objective on Capstone Copper from C$15.00 to C$14.00 in a report on Monday, November 4th. Scotiabank lifted their price objective on shares of Capstone Copper from C$12.00 to C$13.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. Raymond James set a C$12.00 target price on shares of Capstone Copper and gave the stock an "outperform" rating in a report on Tuesday, September 3rd. BMO Capital Markets raised their target price on shares of Capstone Copper from C$11.00 to C$11.50 in a report on Friday, August 2nd. Finally, TD Securities upped their price target on Capstone Copper from C$12.00 to C$13.00 and gave the company a "buy" rating in a report on Wednesday, October 2nd. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$12.93.

Capstone Copper Stock Performance

TSE CS traded down C$0.25 on Friday, hitting C$10.04. The stock had a trading volume of 2,202,100 shares, compared to its average volume of 2,248,783. The company's 50-day moving average is C$10.15 and its two-hundred day moving average is C$9.74. The stock has a market cap of C$7.56 billion, a price-to-earnings ratio of -47.81, a P/E/G ratio of -0.09 and a beta of 2.14. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10. Capstone Copper has a one year low of C$5.26 and a one year high of C$11.51.

Capstone Copper (TSE:CS - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.11 by C($0.07). Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. The business had revenue of C$572.14 million during the quarter, compared to the consensus estimate of C$612.00 million. On average, analysts expect that Capstone Copper will post 0.8541833 earnings per share for the current year.

Insider Buying and Selling at Capstone Copper

In other Capstone Copper news, Director Humberto Antonio Fernandois sold 29,906 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$9.26, for a total transaction of C$276,977.41. Also, Director Darren Murvin Pylot sold 100,000 shares of the firm's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$11.05, for a total value of C$1,104,990.00. Insiders have sold a total of 974,079 shares of company stock worth $10,016,304 over the last three months. Corporate insiders own 15.37% of the company's stock.

About Capstone Copper

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.