Brokerages Set Capstone Copper Corp. (TSE:CS) Target Price at C$12.63

Capstone Copper Corp. (TSE:CS) has been given a consensus rating of “Buy” by the twelve analysts that are presently covering the company, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$12.57.

Several research analysts have issued reports on CS shares. Raymond James set a C$12.00 price objective on shares of Capstone Copper and gave the stock an “outperform” rating in a research report on Tuesday. National Bankshares boosted their price target on Capstone Copper from C$12.00 to C$12.75 and gave the company an “outperform” rating in a research report on Monday, July 15th. BMO Capital Markets increased their price objective on Capstone Copper from C$11.00 to C$11.50 in a research report on Friday, August 2nd. TD Securities lifted their target price on Capstone Copper from C$11.00 to C$12.00 in a research note on Monday, July 22nd. Finally, Stifel Nicolaus upped their price target on Capstone Copper from C$11.50 to C$12.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd.

Capstone Copper Stock Down 11.2 %

Shares of TSE CS opened at C$8.59 on Wednesday. The stock has a market cap of C$6.47 billion, a PE ratio of -42.95, a price-to-earnings-growth ratio of -0.09 and a beta of 2.16. Capstone Copper has a 52-week low of C$4.40 and a 52-week high of C$11.51. The business has a 50-day moving average price of C$9.37 and a 200 day moving average price of C$9.14. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10.

Capstone Copper (TSE:CS) last posted its quarterly earnings data on Thursday, August 1st. The mining company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.02). The firm had revenue of C$537.85 million during the quarter, compared to analyst estimates of C$545.84 million. Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%. Equities research analysts forecast that Capstone Copper will post 0.3906752 earnings per share for the current year.

Insider Transactions at Capstone Copper

In other news, Director Darren Murvin Pylot sold 60,000 shares of Capstone Copper stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$9.80, for a total transaction of C$587,766.00. Corporate insiders own 15.51% 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.