Capstone Copper Corp. (TSE:CS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Capstone Copper Corp. (TSE:CS) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$16.00.

Several equities analysts have recently weighed in on the stock. Scotiabank increased their price objective on shares of Capstone Copper from C$15.50 to C$18.00 and gave the company a “sector outperform” rating in a research report on Monday, June 15th. TD reduced their target price on shares of Capstone Copper from C$17.00 to C$16.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, National Bank Financial decreased their price target 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.

Insider Activity

In other news, Director John Mackenzie sold 816,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of C$13.09, for a total value of C$10,684,058.00. Following the transaction, the director owned 7,000,000 shares of the company’s stock, valued at approximately C$91,630,000. This represents a 10.44% decrease in their ownership of the stock. 15.37% of the stock is currently owned by corporate insiders.

Capstone Copper Stock Performance

Shares of CS stock traded up C$0.28 during trading on Friday, reaching C$12.84. 2,500,077 shares of the company’s stock were exchanged, compared to its average volume of 4,775,133. The company has a quick ratio of 0.98, a current ratio of 1.35 and a debt-to-equity ratio of 45.85. The stock has a market capitalization of C$9.81 billion, a PE ratio of 23.35, a PEG ratio of -0.09 and a beta of 2.20. Capstone Copper has a twelve month low of C$7.05 and a twelve month high of C$18.04. The firm’s fifty day moving average price is C$13.55 and its 200-day moving average price is C$13.27.

Capstone Copper (TSE:CS) last announced its quarterly earnings results on Wednesday, April 29th. The mining company reported C$0.17 earnings per share (EPS) for the quarter. Capstone Copper had a return on equity of 12.69% and a net margin of 17.04%.The business had revenue of C$907.15 million during the quarter. As a group, sell-side analysts anticipate that Capstone Copper will post 0.8541833 EPS for the current year.

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.