Capstone Copper Corp. (TSE:CS) Stock Has Consensus Target Price of C$16.86 According to Brokerages

Capstone Copper Corp. (TSE:CS) has earned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$17.15.

Several research firms recently commented on CS. The Goldman Sachs Group upgraded shares of Capstone Copper from a “hold” rating to a “buy” rating and raised their price target for the stock from C$15.00 to C$18.00 in a report on Monday, August 31st. Citigroup upgraded shares of Capstone Copper to a “strong-buy” rating in a research note on Tuesday, August 11th. Raymond James Financial upped their price objective on shares of Capstone Copper from C$18.50 to C$19.00 and gave the company an “outperform” rating in a research note on Friday, September 4th. Desjardins set a C$16.00 target price on shares of Capstone Copper and gave the stock a “hold” rating in a research report on Tuesday, September 22nd. Finally, National Bank Financial lifted their target price on shares of Capstone Copper from C$14.00 to C$16.50 and gave the company an “outperform” rating in a research note on Tuesday, July 14th.

Insider Buying and Selling at Capstone Copper

In related news, insider Cashel Aran Meagher sold 52,994 shares of the stock in a transaction on 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 completion of the sale, the insider directly 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. Company insiders own 15.37% of the company’s stock.

Capstone Copper Stock Performance

Shares of CS stock opened at C$12.25 on Monday. The company has a market capitalization of C$9.36 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of -0.09 and a beta of 2.27. Capstone Copper has a 1-year low of C$9.30 and a 1-year high of C$18.04. The company has a current ratio of 1.24, a quick ratio of 0.98 and a debt-to-equity ratio of 41.76. The stock’s fifty day simple moving average is C$14.76 and its 200-day simple moving average is C$13.68.

Capstone Copper (TSE:CS) last released its earnings results on Thursday, July 30th. The mining company reported C$0.19 earnings per share for the quarter. The company had revenue of C$1.05 billion for the quarter. Capstone Copper had a return on equity of 13.69% and a net margin of 17.67%. On average, sell-side analysts predict that Capstone Copper will post 0.85 earnings per share 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.