Capstone Copper (TSE:CS) Stock Passes Below 200-Day Moving Average – Should You Sell?

Shares of Capstone Copper Corp. (TSE:CS) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$12.76 and traded as low as C$9.75. Capstone Copper shares last traded at C$9.98, with a volume of 6,023,538 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CS. Royal Bank Of Canada raised their target price on Capstone Copper from C$15.00 to C$17.00 in a report on Wednesday, December 10th. Scotiabank boosted their price target on Capstone Copper from C$16.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Canadian Imperial Bank of Commerce cut Capstone Copper from an “outperform” rating to a “hold” rating and reduced their price target for the stock from C$20.00 to C$16.00 in a research report on Thursday, February 19th. Stifel Nicolaus raised their price objective on Capstone Copper from C$17.00 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Desjardins cut Capstone Copper from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$18.00 to C$16.00 in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$16.61.

Capstone Copper Stock Performance

The company has a market cap of C$7.62 billion, a PE ratio of 24.34, a PEG ratio of -0.09 and a beta of 1.86. The company has a current ratio of 1.20, a quick ratio of 0.98 and a debt-to-equity ratio of 45.58. The business’s 50 day moving average is C$13.80 and its two-hundred day moving average is C$12.76.

Capstone Copper (TSE:CS) last issued its quarterly earnings results on Monday, March 2nd. The mining company reported C$0.14 earnings per share (EPS) for the quarter. The business had revenue of C$906.88 million during the quarter. Capstone Copper had a return on equity of 9.77% and a net margin of 13.27%. On average, equities research analysts anticipate that Capstone Copper Corp. will post 0.8541833 EPS for the current year.

About Capstone Copper

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.