Canaccord Genuity Group Raises Capstone Copper (TSE:CS) Price Target to C$13.00

Capstone Copper (TSE:CS) had its price objective increased by Canaccord Genuity Group from C$9.50 to C$13.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the mining company’s stock. Canaccord Genuity Group’s price target indicates a potential upside of 34.72% from the company’s current price.

CS has been the subject of a number of other research reports. Stifel Canada restated a “buy” rating on shares of Capstone Copper in a report on Monday, March 25th. 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. TD Securities raised their price target on shares of Capstone Copper from C$8.50 to C$9.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. National Bankshares raised their price target on shares of Capstone Copper from C$8.25 to C$8.75 in a report on Thursday, January 25th. Finally, CIBC lifted their target price on shares of Capstone Copper from C$8.00 to C$10.50 and gave the company an “outperform” rating in a report on Wednesday. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$9.38.

Capstone Copper Trading Up 1.5 %

Shares of Capstone Copper stock opened at C$9.65 on Wednesday. The firm has a market capitalization of C$7.26 billion, a PE ratio of -45.95, a P/E/G ratio of -0.09 and a beta of 2.32. Capstone Copper has a twelve month low of C$4.40 and a twelve month high of C$9.80. The firm’s 50-day moving average price is C$7.94 and its 200 day moving average price is C$6.51. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 44.25.

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

Insiders Place Their Bets

In other Capstone Copper news, Director Darren Murvin Pylot sold 83,600 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$8.14, for a total value of C$680,228.12. In other news, Director Gordon James Bell acquired 20,000 shares of the firm’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 business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$8.14, for a total transaction of C$680,228.12. Insiders own 17.24% 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.