Capstone Copper (TSE:CS) Trading Down 2.9% - Here's What Happened

Capstone Copper Corp. (TSE:CS - Get Free Report)'s stock price traded down 2.9% during trading on Tuesday . The company traded as low as C$7.94 and last traded at C$7.97. 340,475 shares were traded during trading, a decline of 82% from the average session volume of 1,856,782 shares. The stock had previously closed at C$8.21.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CS shares. CIBC raised their target price on shares of Capstone Copper from C$12.00 to C$12.50 in a research note on Monday, November 25th. National Bankshares lowered their price objective on Capstone Copper from C$11.50 to C$11.00 and set an "outperform" rating for the company in a research report on Thursday. Eight Capital upped their target price on Capstone Copper from C$14.00 to C$15.00 in a research report on Friday, November 22nd. Citigroup raised Capstone Copper to a "strong-buy" rating in a report on Wednesday, December 11th. Finally, Scotiabank dropped their price target on Capstone Copper from C$12.00 to C$11.00 in a research note on Thursday. Thirteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$12.38.

Capstone Copper Stock Performance

The firm's fifty day simple moving average is C$8.99 and its 200 day simple moving average is C$9.40. The company has a market capitalization of C$6.13 billion, a PE ratio of -38.76, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. The company has a debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98.

Capstone Copper (TSE:CS - Get Free Report) last posted its earnings results on Thursday, October 31st. The mining company reported C$0.04 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 company had revenue of C$572.14 million for the quarter, compared to analyst estimates of C$612.00 million. On average, research analysts predict that Capstone Copper Corp. will post 0.8541833 EPS for the current year.

Insider Activity at Capstone Copper

In other news, Director Darren Murvin Pylot sold 44,250 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$9.60, for a total transaction of C$424,804.43. Also, Director John Mackenzie sold 49,000 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$9.65, for a total transaction of C$473,075.40. Over the last quarter, insiders have sold 843,250 shares of company stock worth $8,656,280. 15.37% 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.