Capstone Copper (TSE:CS) Upgraded by Citigroup to “Strong-Buy” Rating

Citigroup upgraded shares of Capstone Copper (TSE:CS) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently commented on CS. Scotiabank increased their price objective on Capstone Copper from C$15.50 to C$18.00 and gave the company a “sector outperform” rating in a research report on Monday, June 15th. Stifel Nicolaus upped their target price on shares of Capstone Copper from C$20.00 to C$21.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Finally, National Bank Financial upped 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. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$16.35.

Capstone Copper Stock Performance

Shares of CS opened at C$15.36 on Tuesday. The business’s fifty day simple moving average is C$13.65 and its two-hundred day simple moving average is C$13.22. The company has a current ratio of 1.24, a quick ratio of 0.98 and a debt-to-equity ratio of 41.76. Capstone Copper has a 12 month low of C$8.90 and a 12 month high of C$18.04. The company has a market cap of C$11.73 billion, a price-to-earnings ratio of 24.77, a P/E/G ratio of -0.09 and a beta of 2.17.

Capstone Copper (TSE:CS) last posted its earnings results on Thursday, July 30th. The mining company reported C$0.19 EPS for the quarter. Capstone Copper had a return on equity of 13.69% and a net margin of 17.67%.The business had revenue of C$1.05 billion during the quarter. Research analysts anticipate that Capstone Copper will post 0.8541833 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.