Press coverage about Capstone Mining (TSE:CS) has trended very negative on Wednesday, according to InfoTrie. InfoTrie rates the sentiment of news coverage by analyzing more than 6,000 blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Capstone Mining earned a news impact score of -3.56 on their scale. InfoTrie also assigned media stories about the mining company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next several days.
Several equities research analysts have commented on the company. Cormark cut their target price on Capstone Mining from C$1.25 to C$1.00 in a research note on Tuesday, July 23rd. BMO Capital Markets cut their target price on Capstone Mining from C$1.00 to C$0.70 in a research note on Thursday, September 26th. CIBC cut their target price on Capstone Mining from C$0.90 to C$0.80 in a research note on Friday, September 6th. TD Securities cut their target price on Capstone Mining from C$1.35 to C$0.90 in a research note on Monday, July 22nd. Finally, National Bank Financial cut their target price on Capstone Mining from C$0.70 to C$0.60 and set a “sector perform” rating on the stock in a research note on Thursday, September 12th.
TSE CS remained flat at $C$0.55 during trading on Wednesday. The company’s stock had a trading volume of 162,510 shares, compared to its average volume of 318,507. The firm has a market cap of $219.78 million and a P/E ratio of -3.77. The company has a 50 day moving average price of C$0.53 and a 200-day moving average price of C$0.58. The company has a debt-to-equity ratio of 23.49, a current ratio of 2.65 and a quick ratio of 1.32. Capstone Mining has a 12-month low of C$0.41 and a 12-month high of C$0.79.
Capstone Mining (TSE:CS) last released its earnings results on Tuesday, July 30th. The mining company reported C($0.01) EPS for the quarter. The business had revenue of C$151.55 million during the quarter. Sell-side analysts expect that Capstone Mining will post 0.08 EPS for the current year.
In related news, insider George Leslie Brack acquired 100,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were bought at an average price of C$0.44 per share, for a total transaction of C$44,470.00. Following the purchase, the insider now directly owns 1,505,000 shares in the company, valued at approximately C$669,273.50. Also, insider Grm Investments Ltd. acquired 2,150,000 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were bought at an average price of C$0.58 per share, for a total transaction of C$1,240,335.00. Following the purchase, the insider now owns 78,243,161 shares in the company, valued at C$45,138,479.58. In the last quarter, insiders have bought 2,450,000 shares of company stock worth $1,384,345.
About Capstone Mining
Capstone Mining Corp. engages in the exploration and production of base metals in the United States, Mexico, Canada, and Chile. The company explores for copper, molybdenum, silver, zinc, lead, iron, and gold deposits. It holds interests in the Pinto Valley, an open pit copper mine located in Arizona, the United States; and the Cozamin, an underground, copper-silver mine located in the state of Zacatecas, Mexico.
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