Capstone Copper (TSE:CS) Sets New 52-Week Low – What’s Next?

Capstone Copper Corp. (TSE:CS) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$6.89 and last traded at C$6.89, with a volume of 1458144 shares trading hands. The stock had previously closed at C$7.61.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CS shares. The Goldman Sachs Group upgraded Capstone Copper to a “hold” rating in a research note on Thursday, March 13th. Scotiabank reduced their target price on shares of Capstone Copper from C$12.00 to C$11.00 in a research note on Thursday, January 30th. Citigroup raised shares of Capstone Copper to a “strong-buy” rating in a research report on Wednesday, December 11th. Stifel Canada upgraded shares of Capstone Copper to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, National Bankshares dropped their target price on Capstone Copper from C$11.50 to C$11.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$12.38.

Capstone Copper Stock Down 11.6 %

The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 44.16. The stock has a market cap of C$3.06 billion, a P/E ratio of -146.43, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. The stock’s fifty day moving average price is C$8.14 and its 200 day moving average price is C$9.11.

Capstone Copper Company Profile

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.