Capstone Copper (TSE:CS) Rating Lowered to Sector Perform at National Bank Financial

Capstone Copper (TSE:CS) was downgraded by equities research analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research note issued on Friday, BayStreet reports. They currently have a C$14.50 target price on the mining company’s stock, down from their prior target price of C$15.50. National Bank Financial‘s target price points to a potential upside of 40.78% from the stock’s previous close.

Several other brokerages also recently issued reports on CS. The Goldman Sachs Group raised Capstone Copper from a “hold” rating to a “buy” rating and raised their price target for the company from C$15.00 to C$18.00 in a research report on Monday, August 31st. Citigroup raised Capstone Copper to a “strong-buy” rating in a report on Tuesday, August 11th. Stifel Nicolaus lifted their price target on Capstone Copper from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Raymond James Financial dropped their price target on Capstone Copper from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Friday, October 30th. Finally, Barclays raised shares of Capstone Copper to a “hold” rating in a research report on Wednesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.94.

Capstone Copper Stock Down 4.1%

Shares of TSE CS traded down C$0.44 during mid-day trading on Friday, reaching C$10.30. 2,024,246 shares of the company traded hands, compared to its average volume of 4,222,365. The company has a debt-to-equity ratio of 32.92, a quick ratio of 0.98 and a current ratio of 0.96. The stock has a market cap of C$7.89 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of -0.09 and a beta of 2.00. The company’s fifty day moving average is C$13.15 and its two-hundred day moving average is C$13.35. Capstone Copper has a fifty-two week low of C$9.30 and a fifty-two week high of C$18.04.

Capstone Copper (TSE:CS) last posted its earnings results on Thursday, October 29th. The mining company reported C$0.17 earnings per share for the quarter. Capstone Copper had a return on equity of 9.18% and a net margin of 11.65%. The firm had revenue of C$1.01 billion during the quarter. On average, analysts expect that Capstone Copper will post 0.85 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Cashel Aran Meagher sold 52,994 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of C$14.48, for a total transaction of C$767,353.12. Following the sale, the insider directly owned 259,112 shares in the company, valued at C$3,751,941.76. This represents a 16.98% decrease in their position. 15.37% of the stock is currently owned by company insiders.

About Capstone Copper

Capstone Copper Corp. is an Americas-focused copper mining company headquartered in Vancouver, Canada. Capstone’s operating portfolio of assets includes the Pinto Valley copper mine located in Arizona, USA, the Cozamin copper-silver mine located in Zacatecas, Mexico, the Mantos Blancos copper-silver mine located in the Antofagasta region, Chile, and the Mantoverde copper-gold mine, located in the Atacama region, Chile. Capstone’s growth pipeline includes the fully permitted Santo Domingo copper-iron-gold project, located approximately 35 kilometres northeast of Mantoverde in the Atacama region, Chile, as well as a portfolio of exploration properties in the Americas.