Capstone Copper (TSE:CS) Price Target Raised to C$14.00 at TD Securities

Key Points

• TD Securities has raised its price target for Capstone Copper from C$10.00 to C$14.00, indicating a potential upside of 26.47%.
• Multiple brokerages, including Scotiabank and National Bankshares, have also increased their price targets for the company, with Scotiabank setting a new target at C$16.00.
• Despite the positive outlook from analysts, Capstone Copper's stock has recently decreased, trading down 3.9% to C$11.07.

Capstone Copper (TSE:CS - Get Free Report) had its price objective hoisted by TD Securities from C$10.00 to C$14.00 in a research report issued on Tuesday,BayStreet.CA reports. TD Securities' price objective would indicate a potential upside of 26.47% from the company's previous close.

Several other brokerages have also recently commented on CS. Scotiabank raised their price target on shares of Capstone Copper from C$11.50 to C$16.00 and gave the company an "outperform" rating in a research report on Tuesday, October 14th. National Bankshares boosted their target price on Capstone Copper from C$12.00 to C$15.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 8th. BMO Capital Markets upped their price target on Capstone Copper from C$13.00 to C$14.00 in a report on Wednesday, October 15th. CIBC lifted their price objective on Capstone Copper from C$11.50 to C$16.50 in a research note on Friday, October 10th. Finally, Raymond James Financial upgraded shares of Capstone Copper to a "moderate buy" rating in a research note on Monday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Capstone Copper presently has a consensus rating of "Buy" and an average price target of C$14.70.

Capstone Copper Stock Down 3.9%

Shares of CS traded down C$0.45 during mid-day trading on Tuesday, hitting C$11.07. 3,461,217 shares of the company's stock were exchanged, compared to its average volume of 2,822,946. The stock's 50-day moving average is C$10.69 and its 200-day moving average is C$8.53. The company has a debt-to-equity ratio of 44.16, a quick ratio of 0.98 and a current ratio of 0.94. Capstone Copper has a fifty-two week low of C$4.98 and a fifty-two week high of C$13.80. The company has a market cap of C$8.44 billion, a price-to-earnings ratio of 110.70, a P/E/G ratio of -0.09 and a beta of 2.53.

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.