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

Capstone Copper (TSE:CS) had its target price hoisted by investment analysts at Scotiabank from C$10.00 to C$11.00 in a report released on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. Scotiabank’s price objective suggests a potential upside of 5.97% from the stock’s current price.

CS has been the topic of several other research reports. Stifel Canada restated a “buy” rating on shares of Capstone Copper in a report on Monday, March 25th. Jefferies Financial Group set a C$13.00 price target on Capstone Copper and gave the stock a “buy” rating in a report on Friday, May 3rd. Royal Bank of Canada upped their target price on shares of Capstone Copper from C$9.00 to C$12.00 and gave the company an “outperform” rating in a research note on Monday. Stifel Nicolaus set a C$9.00 price target on Capstone Copper and gave the company a “buy” rating in a research note on Tuesday, March 26th. Finally, TD Securities raised their price objective on Capstone Copper from C$8.50 to C$9.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Capstone Copper presently has an average rating of “Buy” and a consensus target price of C$11.25.

Capstone Copper Stock Down 1.6 %

CS opened at C$10.38 on Monday. The business has a 50 day simple moving average of C$8.66 and a 200-day simple moving average of C$6.93. Capstone Copper has a 12 month low of C$4.40 and a 12 month high of C$10.59. The stock has a market capitalization of C$7.81 billion, a P/E ratio of -49.43, a P/E/G ratio of -0.09 and a beta of 2.36. The company has a debt-to-equity ratio of 44.25, a current ratio of 1.13 and a quick ratio of 0.98.

Capstone Copper (TSE:CS) last issued its quarterly earnings data on Thursday, February 22nd. The mining company reported C$0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.02. The firm had revenue of C$481.57 million during the quarter. Capstone Copper had a negative return on equity of 3.99% and a negative net margin of 7.56%. On average, equities analysts anticipate that Capstone Copper will post 0.3335667 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Darren Murvin Pylot sold 83,600 shares of Capstone Copper stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$8.14, for a total transaction of C$680,228.12. In other Capstone Copper news, Director Gordon James Bell acquired 20,000 shares of Capstone Copper stock in a transaction on Wednesday, February 28th. The shares were bought at an average price of C$7.06 per share, with a total value of C$141,140.00. Also, Director Darren Murvin Pylot sold 83,600 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$8.14, for a total value of C$680,228.12. Corporate insiders own 15.95% 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.