Capstone Copper (TSE:CS) Sets New 1-Year High – Time to Buy?

Capstone Copper Corp. (TSE:CS) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$14.23 and last traded at C$14.23, with a volume of 2515772 shares. The stock had previously closed at C$13.57.

Analyst Ratings Changes

A number of analysts have issued reports on CS shares. Scotiabank raised their target price on Capstone Copper from C$11.50 to C$16.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Stifel Nicolaus upped their target price on shares of Capstone Copper from C$12.00 to C$17.00 in a research report on Tuesday, October 21st. CIBC lifted their target price on shares of Capstone Copper from C$11.50 to C$16.50 in a report on Friday, October 10th. Clarkson Capital lowered shares of Capstone Copper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, National Bankshares raised their price objective on shares of Capstone Copper from C$15.00 to C$16.50 and gave the company an “outperform” rating in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$15.75.

Capstone Copper Stock Performance

The stock’s fifty day simple moving average is C$12.56 and its two-hundred day simple moving average is C$10.68. The company has a debt-to-equity ratio of 44.16, a quick ratio of 0.98 and a current ratio of 0.94. The company has a market cap of C$10.90 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of -0.09 and a beta of 2.60.

Capstone Copper (TSE:CS) last posted its quarterly earnings results on Thursday, October 30th. The mining company reported C$0.32 EPS for the quarter. The business had revenue of C$833.28 million during the quarter. Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 0.74%. Equities research analysts anticipate that Capstone Copper Corp. will post 0.8541833 EPS for the current year.

About Capstone Copper

Capstone Copper Corp is a company that mines, explores, and develops mineral properties in the Americas. Specifically, the group has operating mines in the US, Mexico, and Canada, and development projects in Chile and Canada. Capstone’s main focus is copper, but the company also produces zinc, lead, molybdenum, silver, and gold.