Scotiabank Raises Capstone Copper (TSE:CS) Price Target to C$18.00

Capstone Copper (TSE:CS) had its target price hoisted by research analysts at Scotiabank from C$15.50 to C$18.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the mining company’s stock. Scotiabank’s price target would suggest a potential upside of 17.26% from the stock’s current price.

A number of other research firms have also issued reports on CS. Desjardins lowered shares of Capstone Copper from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$18.00 to C$16.00 in a report on Wednesday, February 18th. Canadian Imperial Bank of Commerce downgraded Capstone Copper from an “outperform” rating to a “hold” rating and decreased their price target for the stock from C$20.00 to C$16.00 in a report on Thursday, February 19th. National Bank Financial decreased their price target on Capstone Copper from C$15.00 to C$14.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Finally, TD decreased their price target on Capstone Copper from C$17.00 to C$16.00 and set a “buy” rating for the company in a report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Capstone Copper has an average rating of “Moderate Buy” and an average target price of C$16.00.

Capstone Copper Trading Up 6.5%

Capstone Copper stock traded up C$0.94 during trading on Monday, reaching C$15.35. 1,995,541 shares of the company were exchanged, compared to its average volume of 5,011,419. The company has a debt-to-equity ratio of 45.85, a current ratio of 1.35 and a quick ratio of 0.98. The company has a market capitalization of C$11.72 billion, a P/E ratio of 27.91, a PEG ratio of -0.09 and a beta of 2.11. The stock’s 50 day simple moving average is C$12.88 and its two-hundred day simple moving average is C$13.16. Capstone Copper has a 52-week low of C$7.05 and a 52-week high of C$18.04.

Capstone Copper (TSE:CS) last posted its earnings results on Wednesday, April 29th. The mining company reported C$0.17 earnings per share for the quarter. Capstone Copper had a net margin of 17.04% and a return on equity of 12.69%. The company had revenue of C$907.15 million for the quarter. On average, equities research analysts expect that Capstone Copper will post 0.8541833 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John Mackenzie sold 816,200 shares of Capstone Copper stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$13.09, for a total transaction of C$10,684,058.00. Following the sale, the director directly owned 7,000,000 shares in the company, valued at C$91,630,000. This trade represents a 10.44% decrease in their position. 15.37% of the stock is owned by corporate insiders.

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.