Capstone Copper (TSE:CS) Trading 5.9% Higher - Here's What Happened

Key Points

• Capstone Copper's stock price rose by 5.9% to C$8.23, with 1,308,703 shares traded, marking a significant decrease in volume compared to its average session.
• Analysts have upgraded the company's rating to "moderate buy," with price targets ranging from C$9.75 to C$11.00, indicating bullish sentiment around the stock.
• The company, focused on mining copper and other minerals, currently has a market cap of C$4.43 billion and shows a high debt-to-equity ratio of 44.16.

Capstone Copper Corp. (TSE:CS - Get Free Report)'s stock price traded up 5.9% during mid-day trading on Friday . The company traded as high as C$8.25 and last traded at C$8.23. 1,308,703 shares changed hands during trading, a decline of 49% from the average session volume of 2,579,836 shares. The stock had previously closed at C$7.77.

Analyst Upgrades and Downgrades

CS has been the subject of several recent analyst reports. Desjardins upgraded Capstone Copper to a "moderate buy" rating in a research note on Thursday, April 3rd. Raymond James Financial upgraded Capstone Copper to a "moderate buy" rating in a research report on Monday, June 30th. Scotiabank boosted their price objective on Capstone Copper from C$10.00 to C$11.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. 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 research report on Wednesday, July 9th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$12.13.

Capstone Copper Trading Up 6.7%

The stock has a market cap of C$4.43 billion, a P/E ratio of -212.23, a PEG ratio of -0.09 and a beta of 2.14. The firm's fifty day moving average price is C$7.88 and its two-hundred day moving average price is C$7.66. 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.

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