Capstone Copper (TSE:CS) Stock Price Expected to Rise, CIBC Analyst Says

Key Points

• CIBC analysts raised the price target for Capstone Copper from C$11.50 to C$16.50, suggesting a potential upside of 28.30% based on the previous stock close.
• Capstone Copper recently traded down 3.2% to C$12.86, with an average target price consensus of C$13.86 from various analysts.
• The company, primarily focused on copper mining, operates in the Americas and also explores zinc, lead, molybdenum, silver, and gold.

Capstone Copper (TSE:CS - Get Free Report) had its price target hoisted by analysts at CIBC from C$11.50 to C$16.50 in a research report issued on Friday,BayStreet.CA reports. CIBC's price target points to a potential upside of 28.30% from the stock's previous close.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group set a C$15.00 target price on Capstone Copper in a research note on Monday. Raymond James Financial raised Capstone Copper to a "moderate buy" rating in a research report on Monday, June 30th. Finally, National Bankshares increased their price objective on Capstone Copper from C$12.00 to C$15.00 and gave the company an "outperform" rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$13.86.

Capstone Copper Stock Down 3.2%

CS traded down C$0.42 during trading on Friday, reaching C$12.86. The stock had a trading volume of 3,310,353 shares, compared to its average volume of 2,671,796. The stock's 50 day moving average is C$10.20 and its two-hundred day moving average is C$8.30. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 44.16. The company has a market capitalization of C$9.80 billion, a price-to-earnings ratio of 128.60, a P/E/G ratio of -0.09 and a beta of 2.53. Capstone Copper has a one year low of C$4.98 and a one year high of C$13.80.

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.

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