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Capstone Copper (TSE:CS) Stock Passes Above 200 Day Moving Average - Here's Why

Capstone Copper logo with Basic Materials background

Key Points

  • Capstone Copper's shares have recently crossed above their two hundred day moving average, reaching a high of C$9.87 during trading, and currently trading at C$9.82.
  • Analysts have positively revised their target prices, with Scotiabank raising its target from C$10.00 to C$11.00, indicating a growing confidence in the stock.
  • The stock has a consensus rating of "Buy" from analysts, with a target price of C$12.19, amidst current market conditions.
  • Five stocks to consider instead of Capstone Copper.

Capstone Copper Corp. (TSE:CS - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$7.75 and traded as high as C$9.87. Capstone Copper shares last traded at C$9.82, with a volume of 2,243,845 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Raymond James Financial raised Capstone Copper to a "moderate buy" rating in a report on Monday, June 30th. National Bankshares boosted their price target on shares of Capstone Copper from C$8.75 to C$9.75 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$12.22.

View Our Latest Report on Capstone Copper

Capstone Copper Price Performance

The firm has a market cap of C$7.46 billion, a P/E ratio of 97.90, a PEG ratio of -0.09 and a beta of 2.04. The company has a debt-to-equity ratio of 44.16, a current ratio of 0.94 and a quick ratio of 0.98. The company's 50-day moving average is C$8.63 and its two-hundred day moving average is C$7.78.

Capstone Copper Company Profile

(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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