CIBC Raises Capstone Mining (TSE:CS) Price Target to C$0.90

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Capstone Mining (TSE:CS) had its price target upped by research analysts at CIBC from C$0.80 to C$0.90 in a research report issued on Monday, BayStreet.CA reports. CIBC’s target price suggests a potential upside of 50.00% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. National Bank Financial lifted their price objective on shares of Capstone Mining from C$0.60 to C$0.75 and gave the stock a “sector perform” rating in a report on Monday, October 21st. BMO Capital Markets decreased their price objective on shares of Capstone Mining from C$1.00 to C$0.80 in a report on Thursday, November 7th. TD Securities reduced their price target on shares of Capstone Mining from C$1.35 to C$0.90 in a report on Monday, July 22nd. Cormark reduced their price target on shares of Capstone Mining from C$1.25 to C$1.00 in a report on Tuesday, July 23rd. Finally, Haywood Securities downgraded shares of Capstone Mining from a “buy” rating to a “hold” rating and reduced their price target for the company from C$0.85 to C$0.70 in a report on Tuesday, July 23rd.

Capstone Mining stock remained flat at $C$0.60 during mid-day trading on Monday. 208,891 shares of the company’s stock were exchanged, compared to its average volume of 312,598. The company has a market capitalization of $243.76 million and a price-to-earnings ratio of -3.33. The firm’s fifty day moving average is C$0.55 and its 200 day moving average is C$0.56. The company has a current ratio of 2.42, a quick ratio of 1.03 and a debt-to-equity ratio of 24.82. Capstone Mining has a 1 year low of C$0.41 and a 1 year high of C$0.73.

In other news, insider Grm Investments Ltd. purchased 2,150,000 shares of Capstone Mining stock in a transaction dated Monday, September 23rd. The stock was bought at an average price of C$0.58 per share, with a total value of C$1,240,335.00. Following the completion of the acquisition, the insider now owns 78,243,161 shares in the company, valued at approximately C$45,138,479.58. Also, insider George Leslie Brack purchased 200,000 shares of Capstone Mining stock in a transaction dated Friday, August 16th. The shares were purchased at an average cost of C$0.50 per share, with a total value of C$99,540.00. Following the acquisition, the insider now owns 1,705,000 shares of the company’s stock, valued at approximately C$848,578.50.

Capstone Mining Company Profile

Capstone Mining Corp. engages in the exploration and production of base metals in the United States, Mexico, Canada, and Chile. The company explores for copper, molybdenum, silver, zinc, lead, iron, and gold deposits. It holds interests in the Pinto Valley, an open pit copper mine located in Arizona, the United States; and the Cozamin, an underground, copper-silver mine located in the state of Zacatecas, Mexico.

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