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

Key Points

• Capstone Copper Corp.'s stock price has surpassed its 200-day moving average, reaching C$9.32, with a trading volume of over 2.29 million shares.
• Analysts have raised their price targets for Capstone Copper, with most ratings being positive; the consensus price target is currently set at C$12.19.
• The company operates mines primarily focused on copper, alongside other minerals, and has a market capitalization of approximately C$4.97 billion.

Capstone Copper Corp. (TSE:CS - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.70 and traded as high as C$9.32. Capstone Copper shares last traded at C$9.30, with a volume of 2,299,134 shares.

Analyst Ratings Changes

CS has been the topic of several recent analyst reports. 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 research report on Wednesday, July 9th. Scotiabank increased their price objective on Capstone Copper from C$10.00 to C$11.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Finally, Raymond James Financial raised Capstone Copper to a "moderate buy" rating in a research report on Monday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$12.19.

Capstone Copper Price Performance

The firm has a 50 day moving average price of C$8.39 and a 200 day moving average price of C$7.72. 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 stock has a market cap of C$5.22 billion, a P/E ratio of -249.86, a P/E/G ratio of -0.09 and a beta of 2.14.

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.