Capstone Copper (TSE:CS) Given New C$11.00 Price Target at Scotiabank

Capstone Copper (TSE:CS) had its target price lowered by Scotiabank from C$12.00 to C$11.00 in a report issued on Tuesday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. CIBC increased their price target on Capstone Copper from C$12.00 to C$12.50 in a research note on Monday, November 25th. 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 lifted 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. Citigroup raised shares of Capstone Copper to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Eight Capital boosted their price objective on Capstone Copper from C$14.00 to C$15.00 in a report on Friday, November 22nd. Thirteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$12.60.

Capstone Copper Stock Up 0.2 %

Capstone Copper stock opened at C$8.27 on Tuesday. Capstone Copper has a fifty-two week low of C$6.23 and a fifty-two week high of C$11.51. The firm has a market capitalization of C$6.23 billion, a PE ratio of -39.38, a P/E/G ratio of -0.09 and a beta of 2.14. The company’s 50-day moving average is C$9.19 and its 200-day moving average is C$9.48. The company has a debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98.

Capstone Copper (TSE:CS) last announced its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of C$612.00 million. Sell-side analysts anticipate that Capstone Copper will post 0.8541833 earnings per share for the current year.

Insider Buying and Selling at Capstone Copper

In other news, Director John Mackenzie sold 49,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of C$10.04, for a total transaction of C$2,508,950.00. Insiders sold 843,250 shares of company stock valued at $8,656,280 in the last three months. 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.