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

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)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CS shares. Scotiabank upped their target price on shares of Capstone Copper from C$10.00 to C$11.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Raymond James Financial upgraded shares of Capstone Copper to a "moderate buy" rating in a report on Monday, June 30th. Finally, National Bankshares increased their price objective on shares of Capstone Copper from C$8.75 to C$9.75 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of C$12.19.

Capstone Copper Stock Performance

The firm has a market capitalization of C$5.24 billion, a PE ratio of -250.89, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. The company has a debt-to-equity ratio of 44.16, a quick ratio of 0.98 and a current ratio of 0.94. The company's fifty day moving average price is C$8.43 and its two-hundred day moving average price is C$7.74.

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.