Capstone Copper (TSE:CS) Insider Cashel Aran Meagher Sells 52,994 Shares of Company Stock

Capstone Copper Corp. (TSE:CS) insider Cashel Aran Meagher sold 52,994 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of C$14.48, for a total transaction of C$767,353.12. Following the transaction, the insider owned 259,112 shares in the company, valued at approximately C$3,751,941.76. This trade represents a 16.98% decrease in their ownership of the stock.

Capstone Copper Stock Performance

TSE:CS traded down C$0.03 during mid-day trading on Friday, reaching C$14.54. The stock had a trading volume of 1,884,076 shares, compared to its average volume of 4,315,191. The company has a debt-to-equity ratio of 41.76, a quick ratio of 0.98 and a current ratio of 1.24. The business has a 50 day simple moving average of C$14.73 and a 200 day simple moving average of C$13.32. Capstone Copper Corp. has a twelve month low of C$9.30 and a twelve month high of C$18.04. The firm has a market capitalization of C$11.11 billion, a price-to-earnings ratio of 23.45, a PEG ratio of -0.09 and a beta of 2.21.

Capstone Copper (TSE:CS) last issued its earnings results on Thursday, July 30th. The mining company reported C$0.19 earnings per share (EPS) for the quarter. The business had revenue of C$1.05 billion during the quarter. Capstone Copper had a return on equity of 13.69% and a net margin of 17.67%. On average, analysts expect that Capstone Copper Corp. will post 0.8541833 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CS has been the subject of several research analyst reports. Desjardins set a C$16.00 price objective on Capstone Copper and gave the stock a “hold” rating in a research report on Tuesday. Raymond James Financial boosted their target price on shares of Capstone Copper from C$18.50 to C$19.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Scotiabank upped their price target on shares of Capstone Copper from C$15.50 to C$18.00 and gave the stock a “sector outperform” rating in a research note on Monday, June 15th. Stifel Nicolaus increased their price target on shares of Capstone Copper from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, The Goldman Sachs Group upgraded shares of Capstone Copper from a “hold” rating to a “buy” rating and raised their price objective for the company from C$15.00 to C$18.00 in a research note on Monday, August 31st. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Capstone Copper has an average rating of “Buy” and an average price target of C$16.71.

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.