Capstone Copper (TSE:CS) Price Target Raised to C$16.00 at Scotiabank

Key Points

• Scotiabank has raised its price target for Capstone Copper from C$11.50 to C$16.00, suggesting a potential upside of 26.88% from the current stock price.
• Capstone Copper currently holds a consensus rating of "Buy" among analysts, with several brokerages, including Jefferies and National Bankshares, also increasing their target prices.
• As of Tuesday, Capstone Copper's stock was trading down 0.8% at C$12.61, with a market capitalization of C$9.61 billion and a 1-year price range between C$4.98 and C$13.80.

Capstone Copper (TSE:CS - Get Free Report) had its price target hoisted by equities research analysts at Scotiabank from C$11.50 to C$16.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the mining company's stock. Scotiabank's target price would indicate a potential upside of 26.88% from the stock's current price.

Several other brokerages have also weighed in on CS. Jefferies Financial Group set a C$15.00 target price on Capstone Copper in a research report on Monday, October 6th. National Bankshares increased their price target on shares of Capstone Copper from C$12.00 to C$15.00 and gave the company an "outperform" rating in a research note on Wednesday, October 8th. Raymond James Financial upgraded shares of Capstone Copper to a "moderate buy" rating in a research note on Monday, June 30th. Finally, CIBC upped their target price on shares of Capstone Copper from C$11.50 to C$16.50 in a report on Friday. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$14.57.

Capstone Copper Stock Down 0.8%

Shares of TSE:CS traded down C$0.10 during trading hours on Tuesday, reaching C$12.61. The stock had a trading volume of 5,490,710 shares, compared to its average volume of 2,698,171. Capstone Copper has a 1 year low of C$4.98 and a 1 year high of C$13.80. The firm's 50 day moving average is C$10.38 and its 200-day moving average is C$8.36. The company has a debt-to-equity ratio of 44.16, a quick ratio of 0.98 and a current ratio of 0.94. The stock has a market capitalization of C$9.61 billion, a price-to-earnings ratio of 126.10, 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.

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