Capstone Copper (TSE:CS) Given New C$13.00 Price Target at Canaccord Genuity Group

Capstone Copper (TSE:CS) had its price objective raised by Canaccord Genuity Group from C$9.50 to C$13.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.

A number of other analysts have also commented on CS. National Bankshares lifted their price target on shares of Capstone Copper from C$8.25 to C$8.75 in a research note on Thursday, January 25th. Stifel Canada restated a buy rating on shares of Capstone Copper in a research report on Monday, March 25th. Stifel Nicolaus set a C$9.00 target price on shares of Capstone Copper and gave the company a buy rating in a research report on Tuesday, March 26th. TD Securities boosted their target price on shares of Capstone Copper from C$8.50 to C$9.00 and gave the company a buy rating in a research report on Friday, February 23rd. Finally, BMO Capital Markets boosted their target price on shares of Capstone Copper from C$7.50 to C$8.00 in a research report on Friday, February 23rd. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of Buy and a consensus target price of C$9.22.

Capstone Copper Stock Performance

Shares of CS stock opened at C$9.51 on Wednesday. The company has a 50 day moving average price of C$7.87 and a 200-day moving average price of C$6.49. Capstone Copper has a 52 week low of C$4.40 and a 52 week high of C$9.77. The firm has a market capitalization of C$7.16 billion, a PE ratio of -45.29, a P/E/G ratio of -0.09 and a beta of 2.32. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 44.25.

Capstone Copper (TSE:CS) last announced its quarterly earnings results on Thursday, February 22nd. The mining company reported C$0.02 EPS for the quarter, hitting analysts’ consensus estimates of C$0.02. Capstone Copper had a negative net margin of 7.56% and a negative return on equity of 3.99%. The firm had revenue of C$481.57 million during the quarter. As a group, equities research analysts expect that Capstone Copper will post 0.3505466 earnings per share for the current year.

Insiders Place Their Bets

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