Capstone Copper (TSE:CS) Share Price Crosses Above 200 Day Moving Average of $6.46

Capstone Copper Corp. (TSE:CS)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.46 and traded as high as C$9.62. Capstone Copper shares last traded at C$9.59, with a volume of 3,093,182 shares changing hands.

Wall Street Analysts Forecast Growth

CS has been the subject of a number of recent research reports. CIBC increased their price objective on Capstone Copper from C$7.75 to C$8.00 in a research report on Tuesday, February 27th. TD Securities increased their target price on Capstone Copper from C$8.50 to C$9.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Stifel Nicolaus set a C$9.00 target price on Capstone Copper and gave the company a “buy” rating in a report on Tuesday, March 26th. BMO Capital Markets increased their target price on Capstone Copper from C$7.50 to C$8.00 in a report on Friday, February 23rd. Finally, Stifel Canada restated a “buy” rating on shares of Capstone Copper in a report on Monday, March 25th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$8.56.

Capstone Copper Trading Up 3.6 %

The company has a debt-to-equity ratio of 44.25, a current ratio of 1.13 and a quick ratio of 0.98. The company has a fifty day simple moving average of C$7.81 and a two-hundred day simple moving average of C$6.46. The company has a market capitalization of C$7.22 billion, a P/E ratio of -45.67, a price-to-earnings-growth ratio of -0.09 and a beta of 2.32.

Capstone Copper (TSE:CS) last posted its quarterly earnings data on Thursday, February 22nd. The mining company reported C$0.02 EPS for the quarter, hitting analysts’ consensus estimates of C$0.02. The business had revenue of C$481.57 million for the quarter. Capstone Copper had a negative return on equity of 3.99% and a negative net margin of 7.56%. On average, analysts forecast that Capstone Copper Corp. will post 0.3505466 earnings per share for the current fiscal year.

Insider Transactions at Capstone Copper

In related news, Director Darren Murvin Pylot sold 83,600 shares of Capstone Copper stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$8.14, for a total transaction of C$680,228.12. In related news, Director Darren Murvin Pylot sold 83,600 shares of Capstone Copper stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$8.14, for a total transaction of C$680,228.12. Also, Director Gordon James Bell bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average cost of C$7.06 per share, for a total transaction of C$141,140.00. 17.24% of the stock is currently owned by corporate insiders.

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.