Scotiabank Forecasts Strong Price Appreciation for Capstone Copper (TSE:CS) Stock

Capstone Copper (TSE:CS) had its price objective lifted by investment analysts at Scotiabank from C$16.00 to C$18.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. Scotiabank’s price target would indicate a potential upside of 33.33% from the stock’s previous close.

A number of other analysts have also recently issued reports on the stock. CIBC lifted their target price on shares of Capstone Copper from C$11.50 to C$16.50 in a research note on Friday, October 10th. Jefferies Financial Group set a C$15.00 price target on Capstone Copper in a research report on Monday, October 6th. National Bankshares increased their price objective on Capstone Copper from C$15.00 to C$16.50 and gave the company an “outperform” rating in a report on Thursday, December 11th. BMO Capital Markets boosted their target price on Capstone Copper from C$13.00 to C$14.00 in a report on Wednesday, October 15th. Finally, Clarkson Capital cut Capstone Copper from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$16.00.

Capstone Copper Trading Down 2.1%

Capstone Copper stock traded down C$0.29 during midday trading on Thursday, reaching C$13.50. The stock had a trading volume of 2,345,538 shares, compared to its average volume of 5,206,951. Capstone Copper has a twelve month low of C$4.98 and a twelve month high of C$14.92. The company has a debt-to-equity ratio of 44.16, a current ratio of 0.94 and a quick ratio of 0.98. The firm has a market cap of C$10.31 billion, a price-to-earnings ratio of 32.93, a PEG ratio of -0.09 and a beta of 2.60. The firm’s fifty day simple moving average is C$12.72 and its two-hundred day simple moving average is C$10.80.

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