Capstone Copper (TSE:CS) Hits New 12-Month High After Analyst Upgrade

Capstone Copper Corp. (TSE:CS) hit a new 52-week high during trading on Wednesday after Canaccord Genuity Group raised their price target on the stock from C$9.50 to C$13.00. Canaccord Genuity Group currently has a buy rating on the stock. Capstone Copper traded as high as C$9.77 and last traded at C$9.73, with a volume of 462358 shares. The stock had previously closed at C$9.59.

Other equities research analysts have also issued research reports about the stock. National Bankshares boosted their price target on shares of Capstone Copper from C$8.25 to C$8.75 in a report on Thursday, January 25th. TD Securities boosted their price target on shares of Capstone Copper from C$8.50 to C$9.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. BMO Capital Markets boosted their price target on shares of Capstone Copper from C$7.50 to C$8.00 in a report on Friday, February 23rd. Stifel Canada reissued a “buy” rating on shares of Capstone Copper in a report on Monday, March 25th. Finally, CIBC boosted their price target on shares of Capstone Copper from C$8.00 to C$10.50 and gave the stock an “outperform” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$9.38.

Insiders Place Their Bets

In other Capstone Copper news, Director Gordon James Bell bought 20,000 shares of the stock in a transaction on Wednesday, February 28th. The shares were bought at an average price of C$7.06 per share, with a total value of C$141,140.00. In other news, Director Gordon James Bell purchased 20,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average price of C$7.06 per share, with a total value of C$141,140.00. Also, Director Darren Murvin Pylot sold 83,600 shares of the business’s stock in a transaction dated 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 currently owned by corporate insiders.

Capstone Copper Price Performance

The stock’s 50-day simple moving average is C$7.94 and its 200 day simple moving average is C$6.51. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 44.25. The company has a market cap of C$7.26 billion, a price-to-earnings ratio of -45.95, a PEG ratio of -0.09 and a beta of 2.32.

Capstone Copper (TSE:CS) last posted its earnings results on Thursday, February 22nd. The mining company reported C$0.02 EPS for the quarter, meeting 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 company had revenue of C$481.57 million for the quarter. On average, equities research analysts anticipate that Capstone Copper Corp. will post 0.3505466 EPS for the current fiscal year.

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.