The Goldman Sachs Group Upgrades Capstone Copper (TSE:CS) to "Buy"

Key Points

• Goldman Sachs upgraded Capstone Copper from “neutral” to “buy” and raised its price target from C$15.00 to C$18.00, implying 12.36% upside from the reported price.
• Analyst sentiment is broadly positive: Capstone has a consensus “Buy” rating and an average target price of C$16.50, with other firms also recently raising targets or ratings.
• The stock traded at C$16.02, well above its 50-day and 200-day moving averages. In its latest quarter, Capstone reported C$0.19 EPS and C$1.05 billion in revenue, with a 17.67% net margin.

Capstone Copper (TSE:CS - Get Free Report) was upgraded by research analysts at The Goldman Sachs Group from a "neutral" rating to a "buy" rating in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a C$18.00 price objective on the mining company's stock, up from their prior price objective of C$15.00. The Goldman Sachs Group's price target suggests a potential upside of 12.36% from the stock's current price.

CS has been the subject of several other research reports. National Bank Financial upped their price target on Capstone Copper from C$14.00 to C$16.50 and gave the company an "outperform" rating in a report on Tuesday, July 14th. Stifel Nicolaus lifted their price objective on Capstone Copper from C$20.00 to C$21.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. Scotiabank boosted their price objective 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. Finally, Citigroup upgraded Capstone Copper to a "strong-buy" rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Capstone Copper has a consensus rating of "Buy" and an average target price of C$16.50.

Capstone Copper Stock Performance

TSE CS traded down C$0.17 during midday trading on Monday, hitting C$16.02. The company had a trading volume of 1,372,412 shares, compared to its average volume of 4,413,897. The company has a quick ratio of 0.98, a current ratio of 1.24 and a debt-to-equity ratio of 41.76. The stock has a market cap of C$12.24 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of -0.09 and a beta of 2.17. The firm has a fifty day simple moving average of C$13.99 and a two-hundred day simple moving average of C$13.22. Capstone Copper has a fifty-two week low of C$9.15 and a fifty-two week high of C$18.04.

Capstone Copper (TSE:CS - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The mining company reported C$0.19 EPS for the quarter. Capstone Copper had a net margin of 17.67% and a return on equity of 13.69%. The business had revenue of C$1.05 billion during the quarter. Equities analysts forecast 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.

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