Capstone Copper (TSE:CS) Price Target Increased to C$11.00 by Analysts at Eight Capital

Capstone Copper (TSE:CS) had its price target boosted by Eight Capital from C$9.00 to C$11.00 in a research note released on Monday, BayStreet.CA reports. Eight Capital currently has a buy rating on the mining company’s stock.

CS has been the subject of a number of other reports. Stifel Canada restated a buy rating on shares of Capstone Copper in a research report on Monday, March 25th. CIBC raised their price target on shares of Capstone Copper from C$8.00 to C$10.50 and gave the company an outperform rating in a research note on Wednesday, April 17th. BMO Capital Markets boosted their price objective on Capstone Copper from C$7.50 to C$8.00 in a research note on Friday, February 23rd. Stifel Nicolaus set a C$9.00 target price on Capstone Copper and gave the company a buy rating in a research report on Tuesday, March 26th. Finally, TD Securities boosted their price target on Capstone Copper from C$8.50 to C$9.00 and gave the stock a buy rating in a research report on Friday, February 23rd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Capstone Copper presently has a consensus rating of Buy and a consensus target price of C$9.63.

Capstone Copper Trading Down 3.1 %

Shares of Capstone Copper stock opened at C$9.21 on Monday. Capstone Copper has a fifty-two week low of C$4.40 and a fifty-two week high of C$9.80. The company has a debt-to-equity ratio of 44.25, a quick ratio of 0.98 and a current ratio of 1.13. The company has a market cap of C$6.93 billion, a P/E ratio of -43.86, a price-to-earnings-growth ratio of -0.09 and a beta of 2.32. The firm has a 50-day simple moving average of C$8.05 and a two-hundred day simple moving average of C$6.58.

Capstone Copper (TSE:CS) last issued its quarterly earnings results on Thursday, February 22nd. The mining company reported C$0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.02. The company had revenue of C$481.57 million for the quarter. Capstone Copper had a negative return on equity of 3.99% and a negative net margin of 7.56%. As a group, equities analysts predict that Capstone Copper will post 0.3505466 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Gordon James Bell purchased 20,000 shares of Capstone Copper stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of C$7.06 per share, for a total transaction of C$141,140.00. In other Capstone Copper news, Director Gordon James Bell acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average cost of C$7.06 per share, for a total transaction of C$141,140.00. Also, Director Darren Murvin Pylot sold 83,600 shares of Capstone Copper stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$8.14, for a total value of C$680,228.12. Company insiders own 17.24% of the company’s stock.

About Capstone Copper

Capstone Copper Corp. operates as a copper mining company in the United States, Chile, and Mexico. It primarily explores for copper, silver, zinc, and other metals. The company owns 100% interests in Pinto Valley copper mine located in the Arizona, the United States; Mantos Blancos copper-silver mine located in the Region of Antofagasta, Chile; Santo Domingo copper-iron-gold-cobalt project located in the Atacama region, Chile; and Cozamin copper-silver mine located in the Zacatecas, Mexico.