Capstone Copper (TSE:CS) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Capstone Copper shares have crossed above their 200-day moving average, indicating a potential upward trend, with shares trading last at C$10.31.
• Analysts have updated their ratings, with Raymond James elevating it to a "moderate buy" and National Bankshares raising the price target from C$8.75 to C$9.75, reflecting positive market sentiment.
• The company operates primarily in copper mining across the Americas and aims to focus on several other minerals including zinc, lead, and gold.

Capstone Copper Corp. (TSE:CS - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$7.96 and traded as high as C$10.48. Capstone Copper shares last traded at C$10.31, with a volume of 2,450,436 shares changing hands.

Analysts Set New Price Targets

Several brokerages have weighed in on CS. Raymond James Financial raised shares of Capstone Copper to a "moderate buy" rating in a research report on Monday, June 30th. 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. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Capstone Copper presently has an average rating of "Buy" and a consensus target price of C$12.25.

Capstone Copper Stock Performance

The company's 50-day moving average price is C$9.15 and its 200 day moving average price is C$7.96. 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$7.86 billion, a PE ratio of 103.10, a PEG ratio of -0.09 and a beta of 2.20.

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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