Capstone Copper (TSE:CS) PT Raised to C$13.00 at Scotiabank

Capstone Copper (TSE:CS - Get Free Report) had its target price increased by investment analysts at Scotiabank from C$12.00 to C$13.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has an "outperform" rating on the mining company's stock. Scotiabank's price objective would suggest a potential upside of 19.16% from the stock's current price.

Several other equities analysts have also recently commented on the stock. TD Securities upped their target price on shares of Capstone Copper from C$12.00 to C$13.00 and gave the company a "buy" rating in a research note on Wednesday. Raymond James set a C$12.00 price objective on shares of Capstone Copper and gave the company an "outperform" rating in a research report on Tuesday, September 3rd. Eight Capital lifted their target price on Capstone Copper from C$12.50 to C$14.00 in a research report on Thursday, July 11th. Royal Bank of Canada cut their price target on Capstone Copper from C$14.00 to C$12.00 and set an "outperform" rating for the company in a report on Tuesday, September 10th. Finally, Jefferies Financial Group lifted their price objective on Capstone Copper from C$13.00 to C$14.00 in a report on Friday, July 12th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Capstone Copper has an average rating of "Buy" and a consensus target price of C$12.75.

Capstone Copper Stock Performance

Shares of TSE CS traded up C$0.16 during trading hours on Wednesday, hitting C$10.91. 1,724,263 shares of the stock were exchanged, compared to its average volume of 2,228,282. Capstone Copper has a one year low of C$4.40 and a one year high of C$11.51. The company's 50 day moving average is C$9.22 and its 200 day moving average is C$9.44. The company has a debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98. The firm has a market capitalization of C$8.21 billion, a P/E ratio of -54.55, a P/E/G ratio of -0.09 and a beta of 2.15.

Capstone Copper (TSE:CS - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The mining company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.06 by C($0.02). The firm had revenue of C$537.85 million for the quarter, compared to the consensus estimate of C$545.84 million. Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%. On average, research analysts expect that Capstone Copper will post 0.8813421 EPS for the current year.

Insider Activity

In other Capstone Copper news, Director Darren Murvin Pylot sold 100,000 shares of the business's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$11.05, for a total transaction of C$1,104,990.00. In other Capstone Copper news, Director Darren Murvin Pylot sold 100,000 shares of Capstone Copper stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$11.05, for a total transaction of C$1,104,990.00. Also, Director Humberto Antonio Fernandois sold 60,000 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$9.25, for a total transaction of C$554,880.00. In the last ninety days, insiders sold 474,079 shares of company stock valued at $4,766,854. Company insiders own 15.41% 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.