Capstone Copper (TSE:CS) Upgraded by The Goldman Sachs Group to “Buy” Rating

Capstone Copper (TSE:CS) was upgraded by The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued on Monday,BayStreet.CA reports. The firm presently has a C$18.00 price target on the mining company’s stock, up from their prior price target of C$15.00. The Goldman Sachs Group’s price objective points to a potential upside of 12.36% from the stock’s previous close.

CS has been the topic of a number of other reports. National Bank Financial increased their price target on Capstone Copper from C$14.00 to C$16.50 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Scotiabank boosted their price objective on Capstone Copper from C$15.50 to C$18.00 and gave the stock a “sector outperform” rating in a research note on Monday, June 15th. Stifel Nicolaus increased their target price on Capstone Copper from C$20.00 to C$21.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, Citigroup upgraded Capstone Copper to a “strong-buy” rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Capstone Copper has a consensus rating of “Buy” and an average target price of C$16.50.

Capstone Copper Price Performance

CS stock traded down C$0.17 during trading on Monday, hitting C$16.02. 1,372,412 shares of the stock traded hands, compared to its average volume of 4,413,897. Capstone Copper has a one year low of C$9.15 and a one year high of C$18.04. The stock has a market cap of C$12.24 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of -0.09 and a beta of 2.17. The company has a 50 day simple moving average of C$13.99 and a 200 day simple moving average of C$13.22. The company has a current ratio of 1.24, a quick ratio of 0.98 and a debt-to-equity ratio of 41.76.

Capstone Copper (TSE:CS) last issued its quarterly earnings data on Thursday, July 30th. The mining company reported C$0.19 earnings per share for the quarter. The firm had revenue of C$1.05 billion for the quarter. Capstone Copper had a net margin of 17.67% and a return on equity of 13.69%. Equities analysts expect that Capstone Copper will post 0.8541833 EPS for the current fiscal year.

About Capstone Copper

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.