Capstone Copper (TSE:CS) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Capstone Copper Corp. shares have recently crossed above their 200-day moving average of C$7.64, trading as high as C$9.12 before settling at C$8.66.
• Wall Street analysts have a positive outlook, with Scotiabank raising their target price from C$10.00 to C$11.00, and the stock holding an average rating of "Buy" with a projected target of C$12.19.
• The company has a market capitalization of C$4.63 billion and focuses on mining copper, with operations in the Americas including the US, Mexico, and development projects in Chile.

Capstone Copper Corp. (TSE:CS - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$7.64 and traded as high as C$9.12. Capstone Copper shares last traded at C$8.66, with a volume of 2,217,991 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CS. Scotiabank boosted their target price on Capstone Copper from C$10.00 to C$11.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. National Bankshares boosted their target price on Capstone Copper from C$8.75 to C$9.75 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Finally, Raymond James Financial upgraded Capstone Copper to a "moderate buy" rating in a research note on Monday, June 30th. One analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$12.19.

Capstone Copper Price Performance

The company has a 50-day moving average of C$8.17 and a two-hundred day moving average of C$7.68. The stock has a market capitalization of C$4.94 billion, a PE ratio of -236.80, a P/E/G ratio of -0.09 and a beta of 2.14. The company has a debt-to-equity ratio of 44.16, a current ratio of 0.94 and a quick ratio of 0.98.

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.