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

Key Points

• Capstone Copper's stock price has surpassed its 200-day moving average, indicating a potential uptrend, with shares last trading at C$8.17.
• Wall Street analysts are optimistic about Capstone Copper, with a consensus rating of "Buy" and an average price target of C$12.13.
• The company's market cap stands at C$4.37 billion, with a diverse focus on copper mining and other minerals across North America and Chile.

Shares of Capstone Copper Corp. (TSE:CS - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$7.65 and traded as high as C$8.35. Capstone Copper shares last traded at C$8.17, with a volume of 4,798,788 shares traded.

Analysts Set New Price Targets

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

Capstone Copper Stock Up 2.2%

The firm has a market capitalization of C$4.65 billion, a price-to-earnings ratio of -222.98, a P/E/G ratio of -0.09 and a beta of 2.14. The stock has a 50 day moving average of C$7.94 and a 200 day moving average of C$7.64. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 44.16.

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.