Capstone Copper (TSE:CS) Given New C$13.00 Price Target at Scotiabank

Capstone Copper (TSE:CS) had its price objective increased by equities research analysts at Scotiabank from C$12.00 to C$13.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. Scotiabank’s target price would indicate a potential upside of 22.53% from the company’s previous close.

CS has been the subject of several other reports. Eight Capital increased their price objective on Capstone Copper from C$12.50 to C$14.00 in a research note on Thursday, July 11th. BMO Capital Markets increased their target price on shares of Capstone Copper from C$11.00 to C$11.50 in a research report on Friday, August 2nd. Royal Bank of Canada reduced their price target on shares of Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Jefferies Financial Group raised their price objective on shares of Capstone Copper from C$13.00 to C$14.00 in a report on Friday, July 12th. Finally, Stifel Nicolaus lifted their target price on shares of Capstone Copper from C$11.50 to C$12.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Capstone Copper has an average rating of “Buy” and an average target price of C$12.75.

Capstone Copper Price Performance

Shares of Capstone Copper stock opened at C$10.61 on Wednesday. The firm has a market cap of C$7.99 billion, a P/E ratio of -54.55, a price-to-earnings-growth ratio of -0.09 and a beta of 2.15. The firm’s 50-day simple moving average is C$9.27 and its 200-day simple moving average is C$9.45. Capstone Copper has a twelve month low of C$4.40 and a twelve month high of C$11.51. The company has a debt-to-equity ratio of 40.10, a quick ratio of 0.98 and a current ratio of 0.94.

Capstone Copper (TSE:CS) last released its quarterly earnings data on Thursday, August 1st. The mining company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.02). Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%. The company had revenue of C$537.85 million for the quarter, compared to analyst estimates of C$545.84 million. As a group, research analysts expect that Capstone Copper will post 0.8813421 EPS for the current fiscal year.

Insider Activity at Capstone Copper

In other news, Director Darren Murvin Pylot sold 100,000 shares of Capstone Copper stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$11.05, for a total transaction of C$1,104,990.00. In related news, Director Humberto Antonio Fernandois sold 60,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$9.25, for a total value of C$554,880.00. Also, Director Darren Murvin Pylot sold 100,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$11.05, for a total value of C$1,104,990.00. Insiders have sold a total of 474,079 shares of company stock worth $4,766,854 over the last 90 days. Insiders own 15.41% of the company’s stock.

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.