Capstone Copper (TSE:CS) Reaches New 52-Week High Following Analyst Upgrade

Capstone Copper Corp. (TSE:CS) hit a new 52-week high during mid-day trading on Wednesday after Canaccord Genuity Group raised their price target on the stock from C$9.50 to C$13.00. Canaccord Genuity Group currently has a buy rating on the stock. Capstone Copper traded as high as C$9.77 and last traded at C$9.73, with a volume of 462358 shares changing hands. The stock had previously closed at C$9.59.

CS has been the subject of several other reports. Stifel Canada restated a “buy” rating on shares of Capstone Copper in a research report on Monday, March 25th. BMO Capital Markets lifted their price target on shares of Capstone Copper from C$7.50 to C$8.00 in a report on Friday, February 23rd. Stifel Nicolaus set a C$9.00 price target on shares of Capstone Copper and gave the company a “buy” rating in a report on Tuesday, March 26th. National Bankshares lifted 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 price target 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 data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$9.38.

Insider Transactions at Capstone Copper

In other 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 related 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. Also, Director Gordon James Bell purchased 20,000 shares of Capstone Copper stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of C$7.06 per share, for a total transaction of C$141,140.00. Insiders own 17.24% of the company’s stock.

Capstone Copper Price Performance

The firm’s 50-day moving average is C$7.94 and its two-hundred day moving average is C$6.51. The company has a market cap of C$7.26 billion, a P/E ratio of -45.95, a PEG ratio of -0.09 and a beta of 2.32. The company has a debt-to-equity ratio of 44.25, a current ratio of 1.13 and a quick ratio of 0.98.

Capstone Copper (TSE:CS) last posted its quarterly earnings data 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 business had revenue of C$481.57 million for the quarter. Analysts anticipate that Capstone Copper Corp. will post 0.3505466 earnings per share for the current year.

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.