Capstone Copper (TSE:CS) Price Target Raised to C$19.00 at Raymond James Financial

Key Points

• Raymond James raised Capstone Copper’s price target to C$19.00 from C$18.50 and maintained an “outperform” rating, implying 25.91% upside from the prior 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 upgrading their ratings or raising targets.
• Capstone reported C$0.19 in quarterly EPS and C$1.05 billion in revenue, while its shares recently traded at C$15.09; the company operates copper-focused mining assets across the Americas.

Capstone Copper (TSE:CS - Get Free Report) had its target price increased by Raymond James Financial from C$18.50 to C$19.00 in a research report issued on Friday, BayStreet reports. The brokerage currently has an "outperform" rating on the mining company's stock. Raymond James Financial's price objective points to a potential upside of 25.91% from the stock's previous close.

Several other research analysts have also recently weighed in on the stock. Scotiabank boosted their price objective on shares of Capstone Copper from C$15.50 to C$18.00 and gave the stock a "sector outperform" rating in a research report on Monday, June 15th. Stifel Nicolaus boosted their price target on shares of Capstone Copper from C$20.00 to C$21.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Citigroup raised shares of Capstone Copper to a "strong-buy" rating in a research report on Tuesday, August 11th. The Goldman Sachs Group upgraded Capstone Copper from a "hold" rating to a "buy" rating and increased their price target for the stock from C$15.00 to C$18.00 in a report on Monday. Finally, National Bank Financial boosted their price objective on Capstone Copper from C$14.00 to C$16.50 and gave the company an "outperform" rating in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$16.71.

Capstone Copper Price Performance

Shares of TSE:CS traded down C$0.14 during midday trading on Friday, reaching C$15.09. 1,059,910 shares of the company's stock were exchanged, compared to its average volume of 4,391,358. The company has a debt-to-equity ratio of 41.76, a quick ratio of 0.98 and a current ratio of 1.24. The company's 50 day simple moving average is C$14.13 and its two-hundred day simple moving average is C$13.20. Capstone Copper has a 12 month low of C$9.30 and a 12 month high of C$18.04. The firm has a market capitalization of C$11.53 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of -0.09 and a beta of 2.17.

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

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source