Capstone Copper Corp. (TSE:CS) Given Average Recommendation of “Buy” by Brokerages

Shares of Capstone Copper Corp. (TSE:CS) have been given an average rating of “Buy” by the eleven analysts that are currently covering the stock, Marketbeat.com reports. Eleven investment analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have covered the stock in the last year is C$12.33.

CS has been the subject of a number of recent analyst reports. Scotiabank raised their price objective on Capstone Copper from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research report on Monday. Canaccord Genuity Group upped their price objective on shares of Capstone Copper from C$13.00 to C$14.00 and gave the company a “buy” rating in a report on Monday, May 13th. CIBC increased their price objective on shares of Capstone Copper from C$10.50 to C$12.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Stifel Canada reaffirmed a “buy” rating on shares of Capstone Copper in a report on Monday, March 25th. Finally, BMO Capital Markets increased their price target on shares of Capstone Copper from C$10.50 to C$11.00 and gave the company an “outperform” rating in a report on Friday, May 3rd.

Capstone Copper Stock Down 0.9 %

TSE:CS opened at C$10.37 on Tuesday. The firm has a market capitalization of C$7.81 billion, a price-to-earnings ratio of -49.38, a price-to-earnings-growth ratio of -0.09 and a beta of 2.34. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 37.44. Capstone Copper has a twelve month low of C$4.40 and a twelve month high of C$11.51. The stock’s 50 day moving average price is C$9.96 and its two-hundred day moving average price is C$8.48.

Capstone Copper (TSE:CS) last issued its earnings results on Thursday, May 2nd. The mining company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$458.23 million for the quarter, compared to analyst estimates of C$461.99 million. Capstone Copper had a negative return on equity of 3.13% and a negative net margin of 6.41%. Equities research analysts expect that Capstone Copper will post 0.3624779 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Darren Murvin Pylot sold 100,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of C$10.75, for a total value of C$1,075,460.00. In other Capstone Copper news, Director John Mackenzie sold 50,000 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of C$10.30, for a total value of C$515,125.00. Also, Director Darren Murvin Pylot sold 100,000 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$10.75, for a total value of C$1,075,460.00. Insiders have sold 239,659 shares of company stock valued at $2,514,835 over the last 90 days. 15.89% of the stock is owned by corporate 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.