Capstone Copper (TSE:CS) Price Target Raised to C$15.50

Key Points

• National Bank Financial raised Capstone Copper’s price target from C$15.00 to C$15.50 while maintaining an “outperform” rating, implying 35.85% upside from the reported share price.
• Analyst sentiment remains favorable, with MarketBeat assigning the stock a consensus “Moderate Buy” rating and an average price target of C$17.06.
• Capstone Copper shares rose 3.7% to C$11.41 in mid-day trading, while the company recently reported C$0.17 in quarterly EPS and C$1.01 billion in revenue.

Capstone Copper (TSE:CS - Get Free Report) had its target price increased by investment analysts at National Bank Financial from C$15.00 to C$15.50 in a report released on Monday, BayStreet reports. The firm presently has an "outperform" rating on the mining company's stock. National Bank Financial's price target indicates a potential upside of 35.85% from the company's current price.

A number of other analysts have also issued reports on CS. Stifel Nicolaus lifted their target price on Capstone Copper from C$20.00 to C$21.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Barclays upgraded Capstone Copper to a "hold" rating in a research note on Wednesday, October 14th. Citigroup upgraded Capstone Copper to a "strong-buy" rating in a report on Tuesday, August 11th. 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. Finally, Raymond James Financial reduced their price objective on shares of Capstone Copper from C$17.00 to C$16.00 and set an "outperform" rating on the stock in a research note 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$17.06.

Capstone Copper Trading Up 3.7%

Shares of CS traded up C$0.41 during mid-day trading on Monday, reaching C$11.41. The company had a trading volume of 1,697,386 shares, compared to its average volume of 4,235,107. The stock has a market cap of C$8.72 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of -0.09 and a beta of 2.27. The company has a current ratio of 0.96, a quick ratio of 0.98 and a debt-to-equity ratio of 32.92. The firm has a fifty day simple moving average of C$14.03 and a 200-day simple moving average of C$13.50. Capstone Copper has a fifty-two week low of C$9.30 and a fifty-two week high of C$18.04.

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

Insider Buying and Selling at Capstone Copper

In related news, insider Cashel Aran Meagher sold 52,994 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of C$14.48, for a total transaction of C$767,353.12. Following the sale, the insider owned 259,112 shares in the company, valued at C$3,751,941.76. This represents a 16.98% decrease in their ownership of the stock. 15.37% of the stock is currently owned by corporate 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.

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