Capstone Copper (TSE:CS) Price Target Cut to C$14.00 by Analysts at Canaccord Genuity Group

Capstone Copper (TSE:CS - Free Report) had its target price cut by Canaccord Genuity Group from C$15.00 to C$14.00 in a research report sent to investors on Monday, BayStreet.CA reports.

A number of other brokerages also recently issued reports on CS. BMO Capital Markets lifted their price target on Capstone Copper from C$11.00 to C$11.50 in a report on Friday, August 2nd. Raymond James set a C$12.00 price target on Capstone Copper and gave the company an "outperform" rating in a report on Tuesday, September 3rd. Royal Bank of Canada cut their price objective on shares of Capstone Copper from C$14.00 to C$12.00 and set an "outperform" rating on the stock in a report on Tuesday, September 10th. Stifel Nicolaus upped their target price on shares of Capstone Copper from C$11.50 to C$12.00 and gave the company a "buy" rating in a report on Monday, July 22nd. Finally, Jefferies Financial Group lifted their price target on shares of Capstone Copper from C$13.00 to C$14.00 in a research note on Friday, July 12th. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat, Capstone Copper has a consensus rating of "Buy" and an average target price of C$12.84.

Capstone Copper Stock Down 0.9 %

Shares of CS traded down C$0.09 during midday trading on Monday, hitting C$9.65. The company had a trading volume of 2,144,425 shares, compared to its average volume of 2,211,318. Capstone Copper has a 1 year low of C$4.40 and a 1 year high of C$11.51. The firm has a market capitalization of C$7.26 billion, a P/E ratio of -45.86, a P/E/G ratio of -0.09 and a beta of 2.14. 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 company's 50-day simple moving average is C$9.87 and its 200-day simple moving average is C$9.70.

Capstone Copper (TSE:CS - Get Free Report) last issued its quarterly 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). Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. The firm had revenue of C$572.14 million during the quarter, compared to analysts' expectations of C$612.00 million. As a group, sell-side analysts expect that Capstone Copper will post 0.8541833 EPS for the current year.

Insider Activity

In other Capstone Copper news, Director Humberto Antonio Fernandois sold 60,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$9.25, for a total transaction of C$554,880.00. In other news, Director Darren Murvin Pylot sold 100,000 shares of Capstone Copper 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. Also, Director Humberto Antonio Fernandois sold 60,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$9.25, for a total transaction of C$554,880.00. Over the last three months, insiders sold 474,079 shares of company stock valued at $4,766,854. 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.