National Bank Financial Issues Positive Forecast for Capstone Copper (TSE:CS) Stock Price

Capstone Copper (TSE:CS) had its price objective boosted by National Bank Financial from C$15.00 to C$15.50 in a research note issued on Monday, BayStreet reports. The brokerage currently has an “outperform” rating on the mining company’s stock. National Bank Financial‘s price objective suggests a potential upside of 35.85% from the company’s previous close.

Several other equities research analysts have also commented on CS. Barclays upgraded shares of Capstone Copper to a “hold” rating in a research note on Wednesday, October 14th. The Goldman Sachs Group raised Capstone Copper from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$15.00 to C$18.00 in a report on Monday, August 31st. Desjardins set a C$16.00 target price on Capstone Copper and gave the company a “hold” rating in a research report on Tuesday, September 22nd. Citigroup raised shares of Capstone Copper to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Raymond James Financial cut 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 report on Friday. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$17.06.

Capstone Copper Stock Performance

Shares of CS traded up C$0.41 during midday trading on Monday, hitting C$11.41. 1,697,386 shares of the stock traded hands, compared to its average volume of 4,235,107. Capstone Copper has a 1-year low of C$9.30 and a 1-year high of C$18.04. The firm has a market capitalization of C$8.72 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of -0.09 and a beta of 2.27. The company has a debt-to-equity ratio of 32.92, a quick ratio of 0.98 and a current ratio of 0.96. The business’s 50 day moving average price is C$14.03 and its two-hundred day moving average price is C$13.50.

Capstone Copper (TSE:CS) last issued its quarterly earnings data on Thursday, October 29th. The mining company reported C$0.17 earnings per share for the quarter. The firm had revenue of C$1.01 billion for the quarter. Capstone Copper had a net margin of 11.65% and a return on equity of 9.18%. Equities research analysts predict that Capstone Copper will post 0.85 EPS for the current fiscal year.

Insider Buying and Selling at Capstone Copper

In other news, insider Cashel Aran Meagher sold 52,994 shares of Capstone Copper 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 transaction, the insider directly owned 259,112 shares of the company’s stock, valued at C$3,751,941.76. This trade represents a 16.98% decrease in their ownership of the stock. 15.37% of the stock is currently owned by company insiders.

About Capstone Copper

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.