Capstone Copper (TSE:CS) Rating Increased to Strong-Buy at Citigroup

Capstone Copper (TSE:CS - Get Free Report) was upgraded by equities researchers at Citigroup to a "strong-buy" rating in a research note issued on Wednesday,Zacks.com reports.

Several other research analysts also recently issued reports on the stock. Raymond James set a C$12.00 price objective on shares of Capstone Copper and gave the stock an "outperform" rating in a report on Tuesday, September 3rd. TD Securities boosted their price target on Capstone Copper from C$12.00 to C$13.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Royal Bank of Canada reduced their price objective on Capstone Copper from C$14.00 to C$12.00 and set an "outperform" rating for the company in a research report on Tuesday, September 10th. Paradigm Capital set a C$12.00 price objective on Capstone Copper and gave the company a "buy" rating in a research report on Thursday, November 28th. Finally, National Bankshares raised their target price on Capstone Copper from C$12.75 to C$13.75 and gave the stock an "outperform" rating in a research report on Tuesday, October 15th. Thirteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$12.77.

Capstone Copper Stock Down 3.3 %

Shares of TSE CS traded down C$0.31 during mid-day trading on Wednesday, reaching C$8.95. 3,220,384 shares of the company traded hands, compared to its average volume of 2,249,448. The company's fifty day moving average is C$9.97 and its two-hundred day moving average is C$9.62. Capstone Copper has a fifty-two week low of C$5.97 and a fifty-two week high of C$11.51. The company has a debt-to-equity ratio of 40.10, a quick ratio of 0.98 and a current ratio of 0.94. The stock has a market cap of C$6.74 billion, a PE ratio of -42.62, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14.

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

Insider Buying and Selling

In other news, Director Humberto Antonio Fernandois sold 29,906 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$9.26, for a total value of C$276,977.41. Also, Director Darren Murvin Pylot sold 100,000 shares of the company'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 sold a total of 1,257,110 shares of company stock worth $12,866,429 over the last three months. 15.37% of the stock is currently 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.