Capstone Copper (TSE:CS) Hits New 1-Year High on Analyst Upgrade

Capstone Copper Corp. (TSE:CS)’s share price reached a new 52-week high during trading on Monday after National Bankshares raised their price target on the stock from C$10.50 to C$11.50. National Bankshares currently has an outperform rating on the stock. Capstone Copper traded as high as C$10.59 and last traded at C$10.55, with a volume of 3807720 shares traded. The stock had previously closed at C$9.95.

Several other brokerages also recently weighed in on CS. Royal Bank of Canada raised their target price on Capstone Copper from C$9.00 to C$12.00 and gave the company an “outperform” rating in a research note on Monday. BMO Capital Markets raised their price target on shares of Capstone Copper from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research report on Friday. TD Securities lifted their price objective 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. CIBC raised their target price on shares of Capstone Copper from C$8.00 to C$10.50 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Finally, Stifel Nicolaus set a C$9.00 target price on shares of Capstone Copper and gave the stock a “buy” rating in a report on Tuesday, March 26th. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$11.25.

Insider Buying and Selling

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 stock was sold at an average price of C$8.14, for a total transaction of C$680,228.12. In other news, Director Darren Murvin Pylot sold 83,600 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$8.14, for a total value of C$680,228.12. Also, Director Gordon James Bell acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average cost of C$7.06 per share, with a total value of C$141,140.00. 15.95% of the stock is owned by company insiders.

Capstone Copper Stock Up 6.0 %

The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 44.25. The stock has a market cap of C$7.94 billion, a P/E ratio of -50.24, a PEG ratio of -0.09 and a beta of 2.36. The firm has a 50-day simple moving average of C$8.60 and a two-hundred day simple moving average of C$6.89.

Capstone Copper (TSE:CS) last issued 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 return on equity of 3.99% and a negative net margin of 7.56%. The company had revenue of C$481.57 million for the quarter. Equities research analysts expect that Capstone Copper Corp. will post 0.3335667 earnings per share 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.