Capstone Copper (TSE:CS) Price Target Cut to C$11.00 by Analysts at National Bankshares

Capstone Copper (TSE:CS) had its price objective dropped by stock analysts at National Bankshares from C$11.50 to C$11.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. National Bankshares’ target price would suggest a potential upside of 29.72% from the company’s current price.

Several other research analysts also recently weighed in on the stock. CIBC increased their price target on shares of Capstone Copper from C$12.00 to C$12.50 in a research report on Monday, November 25th. Citigroup upgraded shares of Capstone Copper to a “strong-buy” rating in a research report on Wednesday, December 11th. Paradigm Capital set a C$12.00 price objective on shares of Capstone Copper and gave the company a “buy” rating in a research report on Thursday, November 28th. Eight Capital lifted their price target on shares of Capstone Copper from C$14.00 to C$15.00 in a report on Friday, November 22nd. Finally, Scotiabank reduced their price target on shares of Capstone Copper from C$12.00 to C$11.00 in a report on Tuesday, January 21st. Thirteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Capstone Copper has an average rating of “Buy” and a consensus price target of C$12.38.

Capstone Copper Trading Up 0.8 %

CS stock traded up C$0.07 during trading on Thursday, reaching C$8.48. The company had a trading volume of 535,894 shares, compared to its average volume of 1,993,606. Capstone Copper has a 52 week low of C$6.23 and a 52 week high of C$11.51. The company has a market cap of C$6.38 billion, a P/E ratio of -40.38, a PEG ratio of -0.09 and a beta of 2.14. The business has a 50 day moving average of C$9.03 and a 200 day moving average of C$9.41. The company has a debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98.

Capstone Copper (TSE:CS) last released its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. The company had revenue of C$572.14 million during the quarter, compared to the consensus estimate of C$612.00 million. As a group, sell-side analysts forecast that Capstone Copper will post 0.8541833 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Darren Murvin Pylot sold 250,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of C$10.04, for a total value of C$2,508,950.00. Also, Director John Mackenzie sold 49,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$9.65, for a total transaction of C$473,075.40. Over the last quarter, insiders sold 843,250 shares of company stock valued at $8,656,280. Insiders own 15.37% of the company’s stock.

Capstone Copper Company Profile

Capstone Copper Corp. operates as a copper mining company in the United States, Chile, and Mexico. It primarily explores for copper, silver, zinc, and other metals. The company owns 100% interests in Pinto Valley copper mine located in the Arizona, the United States; Mantos Blancos copper-silver mine located in the Region of Antofagasta, Chile; Santo Domingo copper-iron-gold-cobalt project located in the Atacama region, Chile; and Cozamin copper-silver mine located in the Zacatecas, Mexico.