Analysts Set Capstone Copper Corp. (TSE:CS) Price Target at C$12.60

Capstone Copper Corp. (TSE:CS) has been given a consensus recommendation of “Buy” by the fourteen ratings firms that are currently covering the stock, Marketbeat reports. Thirteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$12.60.

Several research firms recently weighed in on CS. National Bankshares lifted their price target on Capstone Copper from C$12.75 to C$13.75 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Canaccord Genuity Group lowered their price objective on Capstone Copper from C$14.00 to C$12.50 in a research note on Monday, November 25th. Eight Capital boosted their price target on Capstone Copper from C$14.00 to C$15.00 in a research note on Friday, November 22nd. Scotiabank decreased their price target on Capstone Copper from C$12.00 to C$11.00 in a research note on Tuesday, January 21st. Finally, CIBC lifted their price objective on Capstone Copper from C$12.00 to C$12.50 in a report on Monday, November 25th.

Insider Buying and Selling at Capstone Copper

In other news, Director John Mackenzie sold 49,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$9.65, for a total value of C$473,075.40. Also, Director Darren Murvin Pylot sold 500,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$10.50, for a total value of C$5,249,450.00. Over the last quarter, insiders sold 843,250 shares of company stock valued at $8,656,280. Company insiders own 15.37% of the company’s stock.

Capstone Copper Trading Up 5.4 %

TSE CS opened at C$8.41 on Friday. 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 has a twelve month low of C$6.23 and a twelve month high of C$11.51. The firm has a market capitalization of C$6.33 billion, a PE ratio of -40.05, a P/E/G ratio of -0.09 and a beta of 2.14. The stock’s 50 day moving average is C$9.03 and its 200 day moving average is C$9.41.

Capstone Copper (TSE:CS) last released its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share 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 firm had revenue of C$572.14 million for the quarter, compared to the consensus estimate of C$612.00 million. Research analysts forecast that Capstone Copper will post 0.8541833 earnings per share for the current fiscal year.

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.