Capstone Copper (TSE:CS) Insider Sells C$767,353.12 in Stock

Key Points

• Insider sale: Cashel Aran Meagher sold 52,994 Capstone Copper shares for C$767,353 at an average price of C$14.48, reducing their direct ownership by 16.98% to 259,112 shares.
• Stock and financial performance: Shares recently traded at C$14.54, while the company reported C$0.19 in quarterly EPS and C$1.05 billion in revenue. Capstone Copper has a C$11.11 billion market capitalization and operates mines and development projects across the Americas.
• Analyst outlook: Analysts maintain a consensus “Buy” rating, with an average price target of C$16.71; several firms recently raised their targets or upgraded the stock, including Goldman Sachs and Citigroup.

Capstone Copper Corp. (TSE:CS - Get Free Report) insider Cashel Aran Meagher sold 52,994 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of C$14.48, for a total transaction of C$767,353.12. Following the completion of the sale, the insider directly owned 259,112 shares in the company, valued at approximately C$3,751,941.76. This represents a 16.98% decrease in their ownership of the stock.

Capstone Copper Stock Down 0.2%

Shares of CS traded down C$0.03 during midday trading on Friday, reaching C$14.54. The stock had a trading volume of 1,884,076 shares, compared to its average volume of 4,315,191. The company has a market cap of C$11.11 billion, a price-to-earnings ratio of 23.45, a PEG ratio of -0.09 and a beta of 2.21. The company's fifty day simple moving average is C$14.73 and its two-hundred day simple moving average is C$13.32. Capstone Copper Corp. has a 1-year low of C$9.30 and a 1-year high of C$18.04. 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 (TSE:CS - Get Free Report) last issued its earnings results on Thursday, July 30th. The mining company reported C$0.19 EPS for the quarter. Capstone Copper had a net margin of 17.67% and a return on equity of 13.69%. The firm had revenue of C$1.05 billion during the quarter. Equities research analysts expect that Capstone Copper Corp. will post 0.8541833 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CS shares. Raymond James Financial raised their target price on Capstone Copper from C$18.50 to C$19.00 and gave the stock an "outperform" rating in a research report on Friday, September 4th. Citigroup upgraded shares of Capstone Copper to a "strong-buy" rating in a research note on Tuesday, August 11th. Scotiabank raised their price objective on shares of 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. Desjardins set a C$16.00 target price on shares of Capstone Copper and gave the company a "hold" rating in a report on Tuesday. Finally, The Goldman Sachs Group raised shares of Capstone Copper from a "hold" rating to a "buy" rating and increased their target price for the company from C$15.00 to C$18.00 in a research report on Monday, August 31st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Capstone Copper presently has a consensus rating of "Buy" and an average price target of C$16.71.

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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