National Bankshares Lowers Capstone Copper (TSE:CS) Price Target to C$11.00

Capstone Copper (TSE:CS) had its price objective cut by National Bankshares from C$11.50 to C$11.00 in a research report report published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

Several other research analysts have also recently weighed in on CS. Paradigm Capital set a C$12.00 price target on Capstone Copper and gave the stock a “buy” rating in a research note on Thursday, November 28th. CIBC boosted their price target on Capstone Copper from C$12.00 to C$12.50 in a research note on Monday, November 25th. Eight Capital boosted their price target on Capstone Copper from C$14.00 to C$15.00 in a research note on Friday, November 22nd. Canaccord Genuity Group reduced their price objective on Capstone Copper from C$14.00 to C$12.50 in a research report on Monday, November 25th. Finally, TD Securities upped their price objective on Capstone Copper from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Thirteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Capstone Copper currently has an average rating of “Buy” and an average price target of C$12.38.

Capstone Copper Stock Performance

Capstone Copper stock opened at C$8.41 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 40.10. The business’s fifty day simple moving average is C$8.99 and its two-hundred day simple moving average is C$9.40. Capstone Copper has a 12 month low of C$6.23 and a 12 month high of C$11.51. The company has a market capitalization of C$6.33 billion, a price-to-earnings ratio of -40.05, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14.

Capstone Copper (TSE:CS) last posted its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of C$572.14 million during the quarter, compared to analysts’ expectations of C$612.00 million. As a group, equities analysts predict that Capstone Copper will post 0.8541833 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Mackenzie sold 49,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$9.65, for a total value of C$473,075.40. Also, Director Darren Murvin Pylot sold 250,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$10.04, for a total value of C$2,508,950.00. Insiders sold a total of 843,250 shares of company stock worth $8,656,280 over the last quarter. 15.37% of the stock is currently 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.