Capstone Mining (OTCMKTS:CSFFF) Share Price Crosses Below Fifty Day Moving Average of $4.21

Capstone Mining Corp. (OTCMKTS:CSFFF)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $4.21 and traded as low as $3.66. Capstone Mining shares last traded at $3.82, with a volume of 22,564 shares.

A number of equities research analysts have commented on the company. TD Securities raised their price objective on Capstone Mining from C$6.50 to C$7.00 and gave the stock a “buy” rating in a research report on Thursday, July 29th. Scotiabank raised their price target on shares of Capstone Mining from C$7.25 to C$8.00 in a report on Monday, July 12th. Royal Bank of Canada upped their price objective on shares of Capstone Mining from C$6.50 to C$7.00 and gave the company an “outperform” rating in a research note on Thursday, July 29th. Finally, Stifel Europe lifted their target price on shares of Capstone Mining from C$6.00 to C$7.25 and gave the company a “buy” rating in a research note on Thursday, July 29th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $7.31.

The company has a 50 day moving average of $4.21 and a 200 day moving average of $4.08. The firm has a market cap of $1.57 billion, a P/E ratio of 8.68 and a beta of 2.31.

Capstone Mining (OTCMKTS:CSFFF) last posted its earnings results on Tuesday, July 27th. The company reported $0.17 earnings per share (EPS) for the quarter. Capstone Mining had a net margin of 26.06% and a return on equity of 20.06%. The firm had revenue of $209.40 million during the quarter.

About Capstone Mining (OTCMKTS:CSFFF)

Capstone Mining Corp. engages in mining, exploration and development of mineral properties. It also operates mines in the US, Mexico and Canada. The firm operates its business through the following segments: Pinto Valley, Cozamin, Santo Domingo, and Other. The company was founded by Darren Pylot Murvin in 1987 and is headquartered in Vancouver, Canada.

See Also: Initial Coin Offering (ICO)

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