Capstone Mining (TSE:CS) PT Raised to C$11.00 at Eight Capital

Capstone Mining (TSE:CS – Get Rating) had its target price upped by equities research analysts at Eight Capital from C$10.00 to C$11.00 in a report released on Thursday, BayStreet.CA reports. Eight Capital’s price target would indicate a potential upside of 81.82% from the company’s previous close.

A number of other brokerages have also issued reports on CS. National Bank Financial lowered shares of Capstone Mining from an “outperform spec overweight” rating to a “sector perform spec overwgt” rating in a research report on Monday. Scotiabank started coverage on shares of Capstone Mining in a research note on Thursday, March 24th. They set a “buy” rating and a C$9.00 price objective for the company. National Bankshares downgraded Capstone Mining from an “outperform” rating to a “hold” rating and set a C$8.00 target price on the stock. in a report on Monday. CIBC increased their price objective on Capstone Mining from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a report on Thursday, March 3rd. Finally, BMO Capital Markets increased their price target on Capstone Mining from C$7.00 to C$7.25 in a report on Friday, January 21st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Capstone Mining presently has a consensus rating of “Buy” and a consensus price target of C$8.06.

Shares of Capstone Mining stock traded down C$0.37 during trading hours on Thursday, reaching C$6.05. The stock had a trading volume of 1,571,054 shares, compared to its average volume of 1,551,301. The firm has a market capitalization of C$4.17 billion and a price-to-earnings ratio of 8.78. Capstone Mining has a 1 year low of C$4.33 and a 1 year high of C$7.79. The firm has a 50 day simple moving average of C$6.83 and a two-hundred day simple moving average of C$6.02. The company has a current ratio of 1.57, a quick ratio of 1.27 and a debt-to-equity ratio of 1.58.

Capstone Mining (TSE:CS – Get Rating) last posted its quarterly earnings results on Tuesday, February 15th. The mining company reported C$0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.13 by C$0.10. The company had revenue of C$270.68 million during the quarter. Sell-side analysts forecast that Capstone Mining will post 0.73 EPS for the current year.

About Capstone Mining (Get Rating)

Capstone Mining Corp. engages in the exploration and production of base metals in the United States, Mexico, Canada, and Chile. The company explores for copper, molybdenum, silver, zinc, lead, iron, and gold deposits. It holds interests in the Pinto Valley, an open pit copper mine located in Arizona, the United States; and the Cozamin, a copper-silver underground mine located in the state of Zacatecas, Mexico.

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