Scotiabank Cuts Capstone Copper (TSE:CS) Price Target to C$11.00

Capstone Copper (TSE:CS) had its target price dropped by equities researchers at Scotiabank from C$12.00 to C$11.00 in a note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 29.56% from the company’s previous close.

Several other analysts have also recently commented on the stock. Canaccord Genuity Group lowered their target price on shares of Capstone Copper from C$14.00 to C$12.50 in a research note on Monday, November 25th. National Bankshares lowered their price objective on Capstone Copper from C$11.50 to C$11.00 and set an “outperform” rating for the company in a research report on Thursday. Eight Capital upped their target price on Capstone Copper from C$14.00 to C$15.00 in a research note on Friday, November 22nd. Citigroup raised Capstone Copper to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, Paradigm Capital set a C$12.00 price objective on shares of Capstone Copper and gave the company a “buy” rating in a research note on Thursday, November 28th. Thirteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$12.38.

Capstone Copper Price Performance

Shares of TSE:CS traded up C$0.08 on Thursday, hitting C$8.49. The company had a trading volume of 585,394 shares, compared to its average volume of 1,995,518. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 40.10. The company has a market cap of C$6.39 billion, a PE ratio of -40.43, a PEG ratio of -0.09 and a beta of 2.14. Capstone Copper has a 52-week low of C$6.23 and a 52-week high of C$11.51. The business has a 50 day moving average of C$9.03 and a 200 day moving average of C$9.41.

Capstone Copper (TSE:CS) last released its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.11 by C($0.07). The firm had revenue of C$572.14 million for the quarter, compared to analyst estimates of C$612.00 million. Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. As a group, equities analysts anticipate that Capstone Copper will post 0.8541833 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John Mackenzie sold 49,000 shares of Capstone Copper stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$9.65, for a total transaction of C$473,075.40. Also, Director Darren Murvin Pylot sold 250,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of C$10.04, for a total value of C$2,508,950.00. In the last three months, insiders sold 843,250 shares of company stock valued at $8,656,280. Company insiders own 15.37% of the company’s stock.

About Capstone Copper

Capstone Copper Corp. operates as a copper mining company in the United States, Chile, and Mexico. It primarily explores for copper, silver, zinc, and other metals. The company owns 100% interests in Pinto Valley copper mine located in the Arizona, the United States; Mantos Blancos copper-silver mine located in the Region of Antofagasta, Chile; Santo Domingo copper-iron-gold-cobalt project located in the Atacama region, Chile; and Cozamin copper-silver mine located in the Zacatecas, Mexico.