Scotiabank Raises Capstone Copper (TSE:CS) Price Target to C$18.00

Capstone Copper (TSE:CS) had its price target boosted by Scotiabank from C$15.50 to C$18.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “sector outperform” rating on the mining company’s stock. Scotiabank’s target price would indicate a potential upside of 17.26% from the stock’s current price.

CS has been the topic of a number of other reports. TD dropped their price objective on shares of Capstone Copper from C$17.00 to C$16.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. National Bank Financial dropped their price objective on shares of Capstone Copper from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Desjardins downgraded shares of Capstone Copper from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$18.00 to C$16.00 in a research note on Wednesday, February 18th. Finally, Canadian Imperial Bank of Commerce downgraded shares of Capstone Copper from an “outperform” rating to a “hold” rating and dropped their price objective for the company from C$20.00 to C$16.00 in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Capstone Copper currently has an average rating of “Moderate Buy” and a consensus price target of C$16.00.

Capstone Copper Trading Up 6.5%

CS stock traded up C$0.94 during mid-day trading on Monday, reaching C$15.35. The company had a trading volume of 1,995,541 shares, compared to its average volume of 5,011,419. The company has a debt-to-equity ratio of 45.85, a current ratio of 1.35 and a quick ratio of 0.98. The company has a market capitalization of C$11.72 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of -0.09 and a beta of 2.11. The firm has a 50 day moving average of C$12.88 and a 200 day moving average of C$13.16. Capstone Copper has a 12 month low of C$7.05 and a 12 month high of C$18.04.

Capstone Copper (TSE:CS) last issued its earnings results on Wednesday, April 29th. The mining company reported C$0.17 EPS for the quarter. Capstone Copper had a net margin of 17.04% and a return on equity of 12.69%. The business had revenue of C$907.15 million for the quarter. On average, equities analysts predict that Capstone Copper will post 0.8541833 earnings per share for the current fiscal year.

Insider Activity

In other Capstone Copper news, Director John Mackenzie sold 816,200 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$13.09, for a total value of C$10,684,058.00. Following the completion of the transaction, the director owned 7,000,000 shares of the company’s stock, valued at approximately C$91,630,000. This trade represents a 10.44% decrease in their ownership of the stock. Corporate insiders own 15.37% of the company’s stock.

About Capstone Copper

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.