Capstone Copper (TSE:CS) Stock Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Capstone Copper Corp. stock price surpassed its 200-day moving average of C$7.87, reaching as high as C$10.49 in trading.
• Analysts are optimistic about the stock, with a consensus rating of "Buy" and an average target price of C$12.25 according to MarketBeat data.
• Capstone Copper operates in the Americas, focusing on mining, exploring, and developing copper and other minerals, with a market capitalization of C$7.96 billion.

Capstone Copper Corp. (TSE:CS - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$7.87 and traded as high as C$10.49. Capstone Copper shares last traded at C$10.44, with a volume of 2,266,683 shares trading hands.

Analysts Set New Price Targets

Several brokerages have commented on CS. Raymond James Financial upgraded shares of Capstone Copper to a "moderate buy" rating in a research note on Monday, June 30th. National Bankshares increased their price objective on Capstone Copper from C$8.75 to C$9.75 and gave the company an "outperform" rating in a 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 issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$12.25.

Capstone Copper Trading Up 0.7%

The company's fifty day moving average price is C$9.05 and its two-hundred day moving average price is C$7.93. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 44.16. The company has a market cap of C$7.65 billion, a price-to-earnings ratio of 100.30, a price-to-earnings-growth ratio of -0.09 and a beta of 2.20.

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.