Desjardins Lowers Capstone Copper (TSE:CS) Price Target to C$18.00

Capstone Copper (TSE:CS) had its target price dropped by stock analysts at Desjardins from C$18.50 to C$18.00 in a report released on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. Desjardins’ price target would suggest a potential upside of 15.61% from the stock’s current price.

CS has been the subject of several other research reports. Stifel Nicolaus upped their price objective on shares of Capstone Copper from C$12.00 to C$17.00 in a research note on Tuesday, October 21st. Royal Bank Of Canada upped their target price on shares of Capstone Copper from C$15.00 to C$17.00 in a research note on Wednesday, December 10th. Jefferies Financial Group set a C$15.00 price objective on shares of Capstone Copper in a research report on Monday, October 6th. TD Securities upped their price objective on shares of Capstone Copper from C$10.00 to C$14.00 in a research note on Tuesday, October 21st. Finally, National Bankshares lifted their target price on shares of Capstone Copper from C$15.00 to C$16.50 and gave the company an “outperform” rating in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$16.22.

Capstone Copper Price Performance

Shares of CS stock traded up C$0.20 on Monday, reaching C$15.57. 4,023,601 shares of the company were exchanged, compared to its average volume of 5,127,082. Capstone Copper has a 1 year low of C$4.98 and a 1 year high of C$16.16. The company has a debt-to-equity ratio of 44.16, a quick ratio of 0.98 and a current ratio of 0.94. The business has a 50-day moving average price of C$13.21 and a 200 day moving average price of C$11.32. The company has a market cap of C$11.89 billion, a price-to-earnings ratio of 37.98, a P/E/G ratio of -0.09 and a beta of 2.60.

Capstone Copper (TSE:CS) last issued its quarterly earnings results on Thursday, October 30th. The mining company reported C$0.32 earnings per share (EPS) for the quarter. Capstone Copper had a negative return on equity of 0.74% and a negative net margin of 1.47%.The firm had revenue of C$833.28 million for the quarter. Equities research analysts forecast that Capstone Copper will post 0.8541833 earnings per share for the current fiscal year.

Capstone Copper Company Profile

Capstone Copper Corp is a company that mines, explores, and develops mineral properties in the Americas. Specifically, the group has operating mines in the US, Mexico, and Canada, and development projects in Chile and Canada. Capstone’s main focus is copper, but the company also produces zinc, lead, molybdenum, silver, and gold.