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Capstone Copper (TSE:CS) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Capstone Copper logo with Basic Materials background

Capstone Copper Corp. (TSE:CS - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$7.99 and traded as high as C$8.01. Capstone Copper shares last traded at C$7.77, with a volume of 2,764,891 shares.

Analysts Set New Price Targets

Several brokerages recently weighed in on CS. The Goldman Sachs Group raised Capstone Copper to a "hold" rating in a report on Thursday, March 13th. Desjardins raised shares of Capstone Copper to a "moderate buy" rating in a research note on Thursday, April 3rd. Stifel Canada upgraded shares of Capstone Copper to a "strong-buy" rating in a research note on Wednesday, March 19th. Scotiabank lifted their target price on shares of Capstone Copper from C$10.00 to C$11.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Finally, National Bankshares dropped their price target on shares of Capstone Copper from C$10.00 to C$8.50 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$12.17.

Get Our Latest Report on Capstone Copper

Capstone Copper Stock Performance

The company has a market capitalization of C$4.15 billion, a PE ratio of -198.92, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. The stock's fifty day simple moving average is C$6.68 and its 200-day simple moving average is C$7.99. The company has a debt-to-equity ratio of 44.16, a quick ratio of 0.98 and a current ratio of 0.94.

About Capstone Copper

(Get Free Report)

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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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.

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