Capstone Copper (TSE:CS) Upgraded to “Strong-Buy” at Citigroup

Citigroup upgraded shares of Capstone Copper (TSE:CS) to a strong-buy rating in a research report released on Wednesday,Zacks.com reports.

CS has been the topic of a number of other reports. CIBC lifted their target price on Capstone Copper from C$12.00 to C$12.50 in a research report on Monday, November 25th. Scotiabank raised their target price on Capstone Copper from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Eight Capital increased their price objective on shares of Capstone Copper from C$14.00 to C$15.00 in a research note on Friday, November 22nd. Raymond James set a C$12.00 target price on shares of Capstone Copper and gave the company an “outperform” rating in a research note on Tuesday, September 3rd. Finally, National Bankshares raised their price target on shares of Capstone Copper from C$12.75 to C$13.75 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Capstone Copper presently has a consensus rating of “Buy” and a consensus price target of C$12.77.

Capstone Copper Stock Down 3.3 %

CS opened at C$8.95 on Wednesday. The firm has a market cap 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 company has a debt-to-equity ratio of 40.10, a quick ratio of 0.98 and a current ratio of 0.94. The business has a 50 day moving average price of C$9.97 and a 200 day moving average price of C$9.62. Capstone Copper has a twelve month low of C$5.97 and a twelve month high of C$11.51.

Capstone Copper (TSE:CS) last posted its quarterly earnings data on Thursday, October 31st. The mining company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). The business had revenue of C$572.14 million during the quarter, compared to the consensus estimate of C$612.00 million. Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. Research analysts forecast that Capstone Copper will post 0.8541833 EPS for the current year.

Insider Activity

In other news, Director Darren Murvin Pylot sold 500,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$10.50, for a total transaction of C$5,249,450.00. Also, Director Humberto Antonio Fernandois sold 29,906 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$9.26, for a total value of C$276,977.41. Over the last ninety days, insiders sold 1,257,110 shares of company stock worth $12,866,429. 15.37% of the stock is owned by corporate insiders.

About Capstone Copper

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.