Capstone Copper (TSE:CS) Shares Down 2.9% – Here’s What Happened

Shares of Capstone Copper Corp. (TSE:CS) were down 2.9% during mid-day trading on Tuesday . The stock traded as low as C$7.94 and last traded at C$7.97. Approximately 340,475 shares changed hands during trading, a decline of 82% from the average daily volume of 1,856,782 shares. The stock had previously closed at C$8.21.

Analyst Upgrades and Downgrades

CS has been the subject of a number of research reports. Paradigm Capital set a C$12.00 price objective on shares of Capstone Copper and gave the stock a “buy” rating in a report on Thursday, November 28th. TD Securities lifted their price objective on shares of Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Canaccord Genuity Group lowered their target price on Capstone Copper from C$14.00 to C$12.50 in a report on Monday, November 25th. Eight Capital upped their target price on Capstone Copper from C$14.00 to C$15.00 in a report on Friday, November 22nd. Finally, Scotiabank lowered their target price on 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. According to MarketBeat, Capstone Copper currently has a consensus rating of “Buy” and an average price target of C$12.60.

Capstone Copper Trading Up 5.4 %

The firm has a market cap of C$6.33 billion, a price-to-earnings ratio of -40.05, a PEG ratio of -0.09 and a beta of 2.14. The company has a 50-day moving average price of C$9.03 and a 200 day moving average price of C$9.41. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10.

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

Insider Activity at Capstone Copper

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

About Capstone Copper

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.