Capstone Copper (TSE:CS) PT Lowered to C$12.00

Capstone Copper (TSE:CS) had its price objective decreased by Royal Bank of Canada from C$14.00 to C$12.00 in a report released on Tuesday morning, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the mining company’s stock.

Several other research analysts also recently issued reports on the stock. Scotiabank lowered their price objective on shares of Capstone Copper from C$13.00 to C$12.00 in a research report on Monday, August 19th. CIBC lifted their target price on shares of Capstone Copper from C$10.50 to C$12.00 and gave the company an outperform rating in a report on Thursday, June 20th. BMO Capital Markets lifted their target price on shares of Capstone Copper from C$11.00 to C$11.50 in a report on Friday, August 2nd. Jefferies Financial Group lifted their target price on shares of Capstone Copper from C$13.00 to C$14.00 in a report on Friday, July 12th. Finally, National Bankshares raised their price objective on shares of Capstone Copper from C$12.00 to C$12.75 and gave the company an outperform rating in a research note on Monday, July 15th. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of Buy and a consensus target price of C$12.57.

Capstone Copper Price Performance

Shares of CS opened at C$9.18 on Tuesday. Capstone Copper has a twelve month low of C$4.40 and a twelve month high of C$11.51. The firm’s fifty day simple moving average is C$9.16 and its 200-day simple moving average is C$9.17. The firm has a market capitalization of C$6.91 billion, a price-to-earnings ratio of -45.90, a PEG ratio of -0.09 and a beta of 2.15. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 40.10.

Capstone Copper (TSE:CS) last announced its quarterly earnings results on Thursday, August 1st. The mining company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.06 by C($0.02). Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. The company had revenue of C$537.85 million for the quarter, compared to analyst estimates of C$545.84 million. Equities analysts forecast that Capstone Copper will post 0.8793284 EPS for the current fiscal year.

Insider Activity at Capstone Copper

In other Capstone Copper news, Director Darren Murvin Pylot sold 60,000 shares of the business’s 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. 15.51% of the stock is owned by 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.