CIBC Increases Capstone Copper (TSE:CS) Price Target to C$10.50

Capstone Copper (TSE:CS) had its price target increased by CIBC from C$8.00 to C$10.50 in a report issued on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the mining company’s stock.

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

Capstone Copper Trading Down 0.8 %

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

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

Insider Activity

In other news, Director Gordon James Bell purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of C$7.06 per share, for a total transaction of C$141,140.00. In related news, Director Gordon James Bell acquired 20,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average price of C$7.06 per share, for a total transaction of C$141,140.00. Also, 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 transaction of C$680,228.12. 17.24% of the stock is owned by company insiders.

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.