Capstone Copper (OTCMKTS:CSCCF) Stock Price Up 5.2% – Still a Buy?

Capstone Copper Corp. (OTCMKTS:CSCCF)’s stock price traded up 5.2% on Thursday . The stock traded as high as C$10.23 and last traded at C$10.16. Approximately 329,500 shares changed hands during trading, a decline of 25% from the average session volume of 437,494 shares. The stock had previously closed at C$9.66.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CSCCF shares. The Goldman Sachs Group raised shares of Capstone Copper to a “buy” rating in a research note on Monday, August 31st. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Capstone Copper in a research note on Friday, July 31st. Citigroup restated a “buy” rating on shares of Capstone Copper in a report on Wednesday, August 12th. Scotiabank restated an “outperform” rating on shares of Capstone Copper in a research report on Monday, August 3rd. Finally, Bradesco Corretora cut Capstone Copper to a “neutral” rating in a report on Wednesday, September 2nd. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Capstone Copper currently has a consensus rating of “Moderate Buy”.

Capstone Copper Trading Up 5.2%

The firm has a fifty day moving average price of C$10.40 and a 200 day moving average price of C$9.52.

Capstone Copper Company Profile

Capstone Copper Ltd is a copper-focused exploration and development company headquartered in Vancouver, British Columbia. Established through a corporate spin-off from Capstone Mining Corp, the company is dedicated to advancing copper resources across the Americas. Capstone Copper’s portfolio comprises early- to mid-stage projects, with an initial emphasis on high-grade copper deposits in Chile and surrounding jurisdictions.

The company’s principal activities include geological exploration, resource definition, engineering studies, and environmental permitting.