Capstone Copper (TSE:CS) Reaches New 1-Year High - Here's Why

Key Points

• Capstone Copper Corp. shares hit a new 1-year high at C$11.46 during trading, closing slightly lower at C$11.21 with a trading volume of 919,836 shares.
• Analysts have boosted their ratings for Capstone Copper, with National Bankshares increasing the price target to C$9.75 and Raymond James raising it to a "moderate buy," resulting in a consensus rating of "Buy" with a price target of C$12.25.
• The company, focused on mining copper and other minerals, has a market cap of C$8.64 billion and significant operating assets across the Americas, including properties in the US, Mexico, and Canada.

Shares of Capstone Copper Corp. (TSE:CS - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$11.46 and last traded at C$11.21, with a volume of 919836 shares changing hands. The stock had previously closed at C$10.31.

Analyst Ratings Changes

Several research firms have recently commented on CS. National Bankshares increased their price target on shares of Capstone Copper from C$8.75 to C$9.75 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Raymond James Financial raised shares of 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, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Capstone Copper presently has a consensus rating of "Buy" and a consensus price target of C$12.25.

Capstone Copper Price Performance

The company has a market capitalization of C$8.64 billion, a P/E ratio of 113.30, a P/E/G ratio of -0.09 and a beta of 2.20. The business's 50-day simple moving average is C$9.15 and its 200 day simple moving average is C$7.96. 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 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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