Capstone Copper (TSE:CS) Given a C$16.00 Price Target at Desjardins

Key Points

• Desjardins set a C$16.00 price target for Capstone Copper and maintained a “hold” rating, implying 5.68% potential upside from the previous close.
• Analyst sentiment is broadly positive: Capstone has an average “Buy” rating and a consensus price target of C$16.71, with several firms recently raising their targets and ratings.
• Capstone shares rose 3.1% to C$15.14 in Tuesday trading. The company recently reported C$0.19 in quarterly EPS on C$1.05 billion in revenue.

Capstone Copper (TSE:CS - Get Free Report) has been given a C$16.00 target price by analysts at Desjardins in a research report issued to clients and investors on Tuesday, BayStreet reports. The brokerage presently has a "hold" rating on the mining company's stock. Desjardins' target price suggests a potential upside of 5.68% from the stock's previous close.

Several other equities research analysts also recently issued reports on the company. Scotiabank raised their price target on 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. Raymond James Financial boosted their price objective on Capstone Copper from C$18.50 to C$19.00 and gave the stock an "outperform" rating in a research report on Friday, September 4th. Stifel Nicolaus raised their target price on Capstone Copper from C$20.00 to C$21.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. National Bank Financial boosted their price objective on shares of Capstone Copper from C$14.00 to C$16.50 and gave the stock an "outperform" rating in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group raised Capstone Copper from a "hold" rating to a "buy" rating and raised their target price for the stock from C$15.00 to C$18.00 in a research report on Monday, August 31st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$16.71.

Capstone Copper Stock Up 3.1%

Shares of TSE CS traded up C$0.46 during mid-day trading on Tuesday, reaching C$15.14. 1,016,510 shares of the company traded hands, compared to its average volume of 4,341,654. The company's fifty day moving average is C$14.58 and its two-hundred day moving average is C$13.25. The company has a debt-to-equity ratio of 41.76, a quick ratio of 0.98 and a current ratio of 1.24. Capstone Copper has a fifty-two week low of C$9.30 and a fifty-two week high of C$18.04. The stock has a market cap of C$11.57 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of -0.09 and a beta of 2.21.

Capstone Copper (TSE:CS - Get Free Report) last announced its earnings results on Thursday, July 30th. The mining company reported C$0.19 earnings per share (EPS) for the quarter. Capstone Copper had a return on equity of 13.69% and a net margin of 17.67%.The firm had revenue of C$1.05 billion during the quarter. On average, analysts expect that Capstone Copper will post 0.8541833 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.