Capstone Copper (TSE:CS) Rating Increased to Strong-Buy at Citigroup

Capstone Copper (TSE:CS) was upgraded by equities researchers at Citigroup to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other equities analysts have also weighed in on the company. Eight Capital boosted their target price on Capstone Copper from C$14.00 to C$15.00 in a research report on Friday, November 22nd. Paradigm Capital set a C$12.00 price objective on shares of Capstone Copper and gave the company a “buy” rating in a research report on Thursday, November 28th. TD Securities raised their target price on shares of Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Scotiabank boosted their target price on shares of Capstone Copper from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Finally, CIBC raised their price target on Capstone Copper from C$12.00 to C$12.50 in a research note on Monday, November 25th. Thirteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$12.77.

Capstone Copper Price Performance

Shares of CS opened at C$8.95 on Wednesday. Capstone Copper has a twelve month low of C$5.97 and a twelve month high of C$11.51. The company has a market capitalization of C$6.74 billion, a P/E ratio of -42.62, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. The firm has a 50 day moving average of C$9.97 and a 200 day moving average of C$9.62. 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 issued its earnings results on Thursday, October 31st. The mining company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.07). Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%. The business had revenue of C$572.14 million for the quarter, compared to analysts’ expectations of C$612.00 million. As a group, equities research analysts anticipate that Capstone Copper will post 0.8541833 earnings per share for the current fiscal year.

Insider Activity at Capstone Copper

In related news, Director John Mackenzie sold 49,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$9.65, for a total transaction of C$473,075.40. Also, Director Darren Murvin Pylot sold 100,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$11.05, for a total transaction of C$1,104,990.00. Over the last three months, insiders have sold 1,257,110 shares of company stock worth $12,866,429. Corporate insiders own 15.37% of the company’s stock.

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.