Capstone Copper (TSE:CS) Price Target Lowered to C$11.00 at Scotiabank

Capstone Copper (TSE:CS - Free Report) had its price target lowered by Scotiabank from C$12.00 to C$11.00 in a research note released on Thursday,BayStreet.CA reports.

Several other research analysts also recently weighed in on the stock. TD Securities upped their price target on shares of Capstone Copper from C$12.00 to C$13.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. Citigroup raised Capstone Copper to a "strong-buy" rating in a research note on Wednesday, December 11th. Paradigm Capital set a C$12.00 target price on Capstone Copper and gave the stock a "buy" rating in a research note on Thursday, November 28th. CIBC boosted their price target on shares of Capstone Copper from C$12.00 to C$12.50 in a research report on Monday, November 25th. Finally, Canaccord Genuity Group cut their price objective on shares of Capstone Copper from C$14.00 to C$12.50 in a research report on Monday, November 25th. Thirteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of C$12.38.

Capstone Copper Stock Performance

TSE:CS traded down C$0.09 during trading hours on Thursday, hitting C$8.05. 2,981,161 shares of the company were exchanged, compared to its average volume of 2,133,598. 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 has a 52-week low of C$6.23 and a 52-week high of C$11.51. The stock has a market capitalization of C$6.06 billion, a price-to-earnings ratio of -38.33, a PEG ratio of -0.09 and a beta of 2.14. The company's 50 day moving average price is C$8.95 and its 200-day moving average price is C$9.38.

Capstone Copper (TSE:CS - Get Free Report) last released its quarterly earnings data 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). The business had revenue of C$572.14 million during the quarter, compared to analysts' expectations of C$612.00 million. Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%. As a group, research analysts forecast that Capstone Copper will post 0.8541833 earnings per share 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 on 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 on 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 three months, insiders 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.