Capstone Copper (TSE:CS) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Capstone Copper Corp. (TSE:CS)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$9.91 and traded as high as C$13.44. Capstone Copper shares last traded at C$13.02, with a volume of 4,482,181 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CS. CIBC boosted their target price on shares of Capstone Copper from C$11.50 to C$16.50 in a research report on Friday, October 10th. Clarkson Capital cut Capstone Copper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. TD Securities boosted their price objective on Capstone Copper from C$10.00 to C$14.00 in a research report on Tuesday, October 21st. BMO Capital Markets increased their target price on shares of Capstone Copper from C$13.00 to C$14.00 in a research report on Wednesday, October 15th. Finally, National Bankshares upped their price target on shares of Capstone Copper from C$12.00 to C$15.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$15.36.

Capstone Copper Price Performance

The company has a debt-to-equity ratio of 44.16, a current ratio of 0.94 and a quick ratio of 0.98. The stock has a market cap of C$9.94 billion, a P/E ratio of 31.76, a P/E/G ratio of -0.09 and a beta of 2.31. The company’s 50 day simple moving average is C$12.08 and its 200 day simple moving average is C$9.91.

Capstone Copper (TSE:CS) last issued its quarterly earnings data on Thursday, October 30th. The mining company reported C$0.32 earnings per share (EPS) for the quarter. The business had revenue of C$833.28 million during the quarter. Capstone Copper had a negative return on equity of 0.74% and a negative net margin of 1.47%. As a group, equities analysts forecast that Capstone Copper Corp. will post 0.8541833 earnings per share for the current year.

Capstone Copper Company Profile

Capstone Copper Corp is a company that mines, explores, and develops mineral properties in the Americas. Specifically, the group has operating mines in the US, Mexico, and Canada, and development projects in Chile and Canada. Capstone’s main focus is copper, but the company also produces zinc, lead, molybdenum, silver, and gold.