Capstone Copper (TSE:CS) Upgraded to Strong-Buy at Citigroup

Key Points

• Citigroup upgraded Capstone Copper to “strong buy,” adding to positive analyst sentiment. The stock has an average “buy” rating and an average price target of C$16.35, with other brokerages recently raising their targets.
• Capstone Copper shares opened at C$15.36 after falling 3.2%, while trading above both their 50-day and 200-day moving averages. The stock’s 52-week range is C$8.90 to C$18.04, and its market capitalization is approximately C$11.73 billion.
• The mining company reported quarterly EPS of C$0.19 on revenue of C$1.05 billion, with a 17.67% net margin and 13.69% return on equity. Capstone operates mines and development projects across the Americas, primarily focused on copper.

Capstone Copper (TSE:CS - Get Free Report) was upgraded by equities research analysts at Citigroup to a "strong-buy" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other brokerages have also recently weighed in on CS. National Bank Financial boosted their price objective on shares of Capstone Copper from C$14.00 to C$16.50 and gave the stock an "outperform" rating in a research note on Tuesday, July 14th. Stifel Nicolaus raised their target price on Capstone Copper from C$20.00 to C$21.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Finally, Scotiabank lifted their target price on Capstone Copper from C$15.50 to C$18.00 and gave the stock a "sector outperform" rating in a report on Monday, June 15th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Capstone Copper presently has an average rating of "Buy" and an average target price of C$16.35.

Capstone Copper Stock Down 3.2%

TSE:CS opened at C$15.36 on Tuesday. The firm's 50 day simple moving average is C$13.65 and its 200 day simple moving average is C$13.22. The company has a debt-to-equity ratio of 41.76, a current ratio of 1.24 and a quick ratio of 0.98. Capstone Copper has a one year low of C$8.90 and a one year high of C$18.04. The company has a market cap of C$11.73 billion, a PE ratio of 24.77, a P/E/G ratio of -0.09 and a beta of 2.17.

Capstone Copper (TSE:CS - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The mining company reported C$0.19 earnings per share (EPS) for the quarter. The firm had revenue of C$1.05 billion during the quarter. Capstone Copper had a net margin of 17.67% and a return on equity of 13.69%. On average, research analysts anticipate that Capstone Copper will post 0.8541833 earnings per share for the current year.

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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