BMO Capital Markets Forecasts Strong Price Appreciation for Capstone Copper (TSE:CS) Stock

Key Points

• BMO Capital Markets has raised its price target for Capstone Copper (TSE:CS) from C$13.00 to C$14.00, indicating a potential upside of 9.98% from the current price.
• Additional research firms have set target prices ranging from C$12.00 to C$16.50, with the consensus rating for the stock now at “Buy” and an average target price of C$14.50.
• The stock recently traded at C$12.73, reflecting a 2.0% increase during trading hours, and it has a market capitalization of C$9.70 billion.

Capstone Copper (TSE:CS - Get Free Report) had its price target raised by equities researchers at BMO Capital Markets from C$13.00 to C$14.00 in a report released on Wednesday,BayStreet.CA reports. BMO Capital Markets' price target would indicate a potential upside of 9.98% from the company's current price.

Several other research firms have also commented on CS. National Bankshares increased their target price on Capstone Copper from C$12.00 to C$15.00 and gave the company an "outperform" rating in a report on Wednesday, October 8th. Jefferies Financial Group set a C$15.00 target price on Capstone Copper in a report on Monday, October 6th. Scotiabank raised their price objective on Capstone Copper from C$11.50 to C$16.00 and gave the stock an "outperform" rating in a report on Tuesday. CIBC raised their price objective on Capstone Copper from C$11.50 to C$16.50 in a report on Friday, October 10th. Finally, Raymond James Financial raised Capstone Copper to a "moderate buy" rating in a report on Monday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$14.50.

Capstone Copper Stock Up 2.0%

TSE:CS traded up C$0.25 during trading hours on Wednesday, hitting C$12.73. The company's stock had a trading volume of 2,794,913 shares, compared to its average volume of 2,710,982. The stock has a market capitalization of C$9.70 billion, a P/E ratio of 127.30, a price-to-earnings-growth ratio of -0.09 and a beta of 2.53. The stock has a fifty day moving average of C$10.46 and a 200-day moving average of C$8.39. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 44.16. Capstone Copper has a 52-week low of C$4.98 and a 52-week high of C$13.80.

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.

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