Capstone Copper (TSE:CS) PT Raised to C$12.00 at Royal Bank of Canada

Capstone Copper (TSE:CS) had its target price hoisted by Royal Bank of Canada from C$9.00 to C$12.00 in a research report released on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

Several other analysts have also recently commented on the company. Eight Capital raised their target price on Capstone Copper from C$11.00 to C$12.50 and gave the stock a buy rating in a research report on Friday. CIBC increased their price objective on Capstone Copper from C$8.00 to C$10.50 and gave the stock an outperform rating in a research note on Wednesday, April 17th. Canaccord Genuity Group lifted their target price on Capstone Copper from C$9.50 to C$13.00 and gave the company a buy rating in a research note on Wednesday, April 17th. BMO Capital Markets upped their target price on Capstone Copper from C$10.50 to C$11.00 and gave the company an outperform rating in a report on Friday. Finally, Stifel Canada restated a buy rating on shares of Capstone Copper in a report on Monday, March 25th. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Capstone Copper has an average rating of Buy and an average target price of C$11.25.

Capstone Copper Stock Performance

Shares of CS opened at C$10.55 on Monday. The company has a 50-day moving average of C$8.60 and a two-hundred day moving average of C$6.89. The stock has a market cap of C$7.94 billion, a price-to-earnings ratio of -50.24, a PEG ratio of -0.09 and a beta of 2.36. The company has a debt-to-equity ratio of 44.25, a current ratio of 1.13 and a quick ratio of 0.98. Capstone Copper has a one year low of C$4.40 and a one year high of C$10.59.

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, meeting the consensus estimate of C$0.02. Capstone Copper had a negative net margin of 7.56% and a negative return on equity of 3.99%. The business had revenue of C$481.57 million during the quarter. On average, equities research analysts expect that Capstone Copper will post 0.3335667 earnings per share for the current year.

Insider Activity at Capstone Copper

In other news, Director Darren Murvin Pylot sold 83,600 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$8.14, for a total value of C$680,228.12. In related news, Director Gordon James Bell acquired 20,000 shares of the 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. Also, Director Darren Murvin Pylot sold 83,600 shares of the business’s stock in a transaction 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. 15.95% of the stock is currently 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.