Eight Capital Boosts Capstone Copper (TSE:CS) Price Target to C$11.00

Capstone Copper (TSE:CS) had its target price hoisted by analysts at Eight Capital from C$9.00 to C$11.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the mining company’s stock. Eight Capital’s price objective would indicate a potential upside of 22.63% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. TD Securities lifted their price objective on Capstone Copper from C$8.50 to C$9.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Stifel Nicolaus set a C$9.00 price objective on Capstone Copper and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Stifel Canada reiterated a “buy” rating on shares of Capstone Copper in a research report on Monday, March 25th. CIBC raised their target price on Capstone Copper from C$8.00 to C$10.50 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Finally, Canaccord Genuity Group raised their target price on Capstone Copper from C$9.50 to C$13.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$9.63.

Capstone Copper Price Performance

Shares of Capstone Copper stock opened at C$8.97 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 44.25. The firm has a market capitalization of C$6.75 billion, a PE ratio of -42.71, a price-to-earnings-growth ratio of -0.09 and a beta of 2.32. The business’s 50-day moving average price is C$8.05 and its 200-day moving average price is C$6.58. Capstone Copper has a 12 month low of C$4.40 and a 12 month high of C$9.80.

Capstone Copper (TSE:CS) last announced its quarterly earnings data on Thursday, February 22nd. The mining company reported C$0.02 EPS for the quarter, meeting the consensus estimate of C$0.02. Capstone Copper had a negative return on equity of 3.99% and a negative net margin of 7.56%. The firm had revenue of C$481.57 million for the quarter. Sell-side analysts forecast that Capstone Copper will post 0.3505466 EPS for the current fiscal year.

Insider Activity

In other Capstone Copper news, Director Darren Murvin Pylot sold 83,600 shares of Capstone Copper stock in a transaction 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. In related news, Director Gordon James Bell acquired 20,000 shares of the stock in a transaction 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. Also, Director Darren Murvin Pylot sold 83,600 shares of Capstone Copper 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. 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.