Capstone Copper (TSE:CS) Stock Rating Lowered by Canadian Imperial Bank of Commerce

Capstone Copper (TSE:CS) was downgraded by stock analysts at Canadian Imperial Bank of Commerce from an “outperform” rating to a “hold” rating in a report issued on Thursday, Marketbeat Ratings reports. They presently have a C$16.00 price objective on the mining company’s stock, down from their prior price objective of C$20.00. Canadian Imperial Bank of Commerce’s target price suggests a potential upside of 14.12% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada boosted their target price on shares of Capstone Copper from C$15.00 to C$17.00 in a research report on Wednesday, December 10th. Scotiabank boosted their price objective on shares of Capstone Copper from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. National Bank Financial upped their target price on Capstone Copper from C$16.50 to C$19.50 in a research note on Thursday, January 29th. Desjardins lowered Capstone Copper from a “buy” rating to a “hold” rating and decreased their price target for the company from C$18.00 to C$16.00 in a research note on Wednesday. Finally, Clarkson Capital raised Capstone Copper from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Capstone Copper currently has a consensus rating of “Moderate Buy” and an average target price of C$16.61.

Capstone Copper Stock Up 2.0%

Shares of TSE CS opened at C$14.02 on Thursday. The stock has a market capitalization of C$10.70 billion, a P/E ratio of 34.20, a PEG ratio of -0.09 and a beta of 2.34. The stock’s fifty day moving average is C$14.52 and its 200 day moving average is C$12.33. Capstone Copper has a 52 week low of C$4.98 and a 52 week high of C$18.04. The company has a debt-to-equity ratio of 44.16, a quick ratio of 0.98 and a current ratio of 0.94.

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.