Capstone Copper (TSE:CS) Given New C$10.50 Price Target at CIBC

Capstone Copper (TSE:CS) had its price objective upped by CIBC from C$8.00 to C$10.50 in a report issued on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

Other equities analysts also recently issued research reports about the stock. National Bankshares boosted their target price on shares of Capstone Copper from C$8.25 to C$8.75 in a research note on Thursday, January 25th. Stifel Canada restated a buy rating on shares of Capstone Copper in a research note on Monday, March 25th. TD Securities upped their target price on shares of Capstone Copper from C$8.50 to C$9.00 and gave the company a buy rating in a report on Friday, February 23rd. BMO Capital Markets upped their target price on shares of Capstone Copper from C$7.50 to C$8.00 in a report on Friday, February 23rd. Finally, Stifel Nicolaus set a C$9.00 price target on shares of Capstone Copper and gave the stock a buy rating in a report on Tuesday, March 26th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of C$9.22.

Capstone Copper Stock Performance

TSE:CS opened at C$9.51 on Wednesday. The company has a fifty day simple moving average of C$7.87 and a two-hundred day simple moving average of C$6.49. The company has a market cap of C$7.16 billion, a price-to-earnings ratio of -45.29, a price-to-earnings-growth ratio of -0.09 and a beta of 2.32. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 44.25. Capstone Copper has a 52 week low of C$4.40 and a 52 week high of C$9.77.

Capstone Copper (TSE:CS) last issued its earnings results on Thursday, February 22nd. The mining company reported C$0.02 EPS for the quarter, hitting analysts’ consensus estimates of C$0.02. The firm had revenue of C$481.57 million during the quarter. Capstone Copper had a negative net margin of 7.56% and a negative return on equity of 3.99%. As a group, equities analysts anticipate that Capstone Copper will post 0.3505466 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Capstone Copper news, Director Gordon James Bell acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of C$7.06 per share, with a total value of C$141,140.00. In other Capstone Copper news, Director Gordon James Bell acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of C$7.06 per share, with a total value of C$141,140.00. Also, Director Darren Murvin Pylot sold 83,600 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$8.14, for a total transaction of C$680,228.12. 17.24% of the stock is currently owned by company insiders.

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.