Capstone Copper (TSE:CS) Stock Gets Downgrade from National Bank Financial

Capstone Copper (TSE:CS) was downgraded by research analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued on Friday, BayStreet reports. They presently have a C$14.50 target price on the mining company’s stock, down from their previous target price of C$15.50. National Bank Financial‘s price objective indicates a potential upside of 40.78% from the stock’s previous close.

A number of other equities analysts have also issued reports on CS. Stifel Nicolaus increased their price target on Capstone Copper from C$20.00 to C$21.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Barclays raised Capstone Copper to a “hold” rating in a research note on Wednesday, October 14th. Desjardins set a C$16.00 price objective on Capstone Copper and gave the company a “hold” rating in a report on Tuesday, September 22nd. Raymond James Financial decreased their target price on Capstone Copper from C$17.00 to C$16.00 and set an “outperform” rating for the company in a research note on Friday, October 30th. Finally, The Goldman Sachs Group raised Capstone Copper from a “hold” rating to a “buy” rating and raised their target price for the company from C$15.00 to C$18.00 in a research note on Monday, August 31st. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Capstone Copper has a consensus rating of “Moderate Buy” and a consensus price target of C$16.94.

Capstone Copper Price Performance

Shares of CS stock traded down C$0.44 during midday trading on Friday, reaching C$10.30. 2,024,246 shares of the company were exchanged, compared to its average volume of 4,222,365. The company’s 50 day moving average price is C$13.15 and its two-hundred day moving average price is C$13.35. The company has a market cap of C$7.89 billion, a P/E ratio of 24.52, a PEG ratio of -0.09 and a beta of 2.00. Capstone Copper has a 12 month low of C$9.30 and a 12 month high of C$18.04. The company has a debt-to-equity ratio of 32.92, a quick ratio of 0.98 and a current ratio of 0.96.

Capstone Copper (TSE:CS) last posted its quarterly earnings data on Thursday, October 29th. The mining company reported C$0.17 EPS for the quarter. Capstone Copper had a net margin of 11.65% and a return on equity of 9.18%. The business had revenue of C$1.01 billion for the quarter. On average, sell-side analysts expect that Capstone Copper will post 0.85 earnings per share for the current year.

Insider Buying and Selling at Capstone Copper

In related news, insider Cashel Aran Meagher sold 52,994 shares of the firm’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of C$14.48, for a total value of C$767,353.12. Following the completion of the transaction, the insider owned 259,112 shares of the company’s stock, valued at approximately C$3,751,941.76. This trade represents a 16.98% decrease in their position. 15.37% of the stock is owned by company insiders.

Capstone Copper Company Profile

Capstone Copper Corp. is an Americas-focused copper mining company headquartered in Vancouver, Canada. Capstone’s operating portfolio of assets includes the Pinto Valley copper mine located in Arizona, USA, the Cozamin copper-silver mine located in Zacatecas, Mexico, the Mantos Blancos copper-silver mine located in the Antofagasta region, Chile, and the Mantoverde copper-gold mine, located in the Atacama region, Chile. Capstone’s growth pipeline includes the fully permitted Santo Domingo copper-iron-gold project, located approximately 35 kilometres northeast of Mantoverde in the Atacama region, Chile, as well as a portfolio of exploration properties in the Americas.