Capstone Copper (TSE:CS) Given New C$10.50 Price Target at CIBC

Capstone Copper (TSE:CS) had its target price boosted by CIBC from C$8.00 to C$10.50 in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

Several other brokerages have also recently commented on CS. TD Securities upped their target price on Capstone Copper from C$8.50 to C$9.00 and gave the company a buy rating in a report on Friday, February 23rd. Stifel Canada reiterated a buy rating on shares of Capstone Copper in a report on Monday, March 25th. National Bankshares upped their target price on Capstone Copper from C$8.25 to C$8.75 in a report on Thursday, January 25th. BMO Capital Markets upped their target price on Capstone Copper from C$7.50 to C$8.00 in a report on Friday, February 23rd. Finally, 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. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of C$9.38.

Capstone Copper Stock Performance

TSE:CS opened at C$9.50 on Wednesday. The stock has a market cap of C$7.15 billion, a P/E ratio of -45.24, a price-to-earnings-growth ratio of -0.09 and a beta of 2.32. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 44.25. The stock’s 50-day moving average is C$8.00 and its 200-day moving average is C$6.54. Capstone Copper has a 1-year low of C$4.40 and a 1-year high of C$9.80.

Capstone Copper (TSE:CS) last released its quarterly earnings results on Thursday, February 22nd. The mining company reported C$0.02 earnings per share for the quarter, hitting the consensus estimate of C$0.02. The company had revenue of C$481.57 million for the quarter. Capstone Copper had a negative return on equity of 3.99% and a negative net margin of 7.56%. Equities research analysts anticipate that Capstone Copper will post 0.3505466 earnings per share for the current year.

Insider Transactions at Capstone Copper

In other news, Director Gordon James Bell bought 20,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were bought at an average cost of C$7.06 per share, with a total value of C$141,140.00. In related news, Director Gordon James Bell purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average cost 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 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. 17.24% of the stock is owned by insiders.

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.