Capstone Copper (TSE:CS) Price Target Raised to C$12.00 at Royal Bank of Canada

Capstone Copper (TSE:CS) had its price objective lifted by analysts at Royal Bank of Canada from C$9.00 to C$12.00 in a research note issued on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 15.61% from the company’s previous close.

Several other research analysts also recently commented on the company. TD Securities raised their price objective on Capstone Copper from C$8.50 to C$9.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Stifel Nicolaus set a C$9.00 target price on shares of Capstone Copper and gave the stock a “buy” rating in a report on Tuesday, March 26th. BMO Capital Markets raised their price target on Capstone Copper from C$10.50 to C$11.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Jefferies Financial Group set a C$13.00 price objective on Capstone Copper and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, Stifel Canada reaffirmed a “buy” rating on shares of Capstone Copper in a report on Monday, March 25th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$11.25.

Capstone Copper Stock Down 1.6 %

CS opened at C$10.38 on Monday. The firm has a 50 day moving average price of C$8.66 and a 200-day moving average price of C$6.93. The stock has a market capitalization of C$7.81 billion, a price-to-earnings ratio of -49.43, a PEG ratio of -0.09 and a beta of 2.36. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 44.25. Capstone Copper has a twelve month low of C$4.40 and a twelve month high of C$10.59.

Capstone Copper (TSE:CS) last released its quarterly earnings results on Thursday, February 22nd. The mining company reported C$0.02 EPS for the quarter, meeting the consensus estimate of C$0.02. The firm had revenue of C$481.57 million during the quarter. Capstone Copper had a negative net margin of 7.56% and a negative return on equity of 3.99%. Equities research analysts forecast that Capstone Copper will post 0.3335667 earnings per share for the current year.

Insider Buying and Selling at Capstone Copper

In related news, Director Gordon James Bell bought 20,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average price of C$7.06 per share, with a total value of C$141,140.00. In other Capstone Copper news, Director Darren Murvin Pylot sold 83,600 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$8.14, for a total transaction of C$680,228.12. Also, Director Gordon James Bell purchased 20,000 shares of Capstone Copper stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average price of C$7.06 per share, for a total transaction of C$141,140.00. Company insiders own 15.95% of the company’s stock.

Capstone Copper Company Profile

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.