Capstone Copper (TSE:CS) Shares Down 6% – Time to Sell?

Capstone Copper Corp. (TSE:CS) dropped 6% during trading on Wednesday . The company traded as low as C$14.29 and last traded at C$14.91. Approximately 4,852,898 shares traded hands during trading, a decline of 8% from the average daily volume of 5,264,132 shares. The stock had previously closed at C$15.86.

Wall Street Analyst Weigh In

Several analysts have commented on CS shares. TD Securities raised their target price on shares of Capstone Copper from C$10.00 to C$14.00 in a report on Tuesday, October 21st. Royal Bank Of Canada boosted their price objective on shares of Capstone Copper from C$15.00 to C$17.00 in a research report on Wednesday, December 10th. Clarkson Capital upgraded Capstone Copper from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Stifel Nicolaus boosted their price target on Capstone Copper from C$17.00 to C$20.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, National Bank Financial increased their price objective on Capstone Copper from C$16.50 to C$19.50 in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$16.89.

Capstone Copper Price Performance

The company’s 50-day moving average price is C$14.48 and its two-hundred day moving average price is C$12.26. 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 company has a market capitalization of C$10.82 billion, a P/E ratio of 34.56, a price-to-earnings-growth ratio of -0.09 and a beta of 2.34.

Capstone Copper Company Profile

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.