National Bank Financial Lowers Capstone Copper (TSE:CS) Price Target to C$14.00

Key Points

• National Bank Financial lowered its price target for Capstone Copper from C$15.00 to C$14.00 while maintaining an "outperform" rating, which the firm says implies roughly a 23.6% upside from the current share price.
• Analyst consensus remains positive with an average target of C$16.00 and a mix of recommendations (1 Strong Buy, 4 Buy, 2 Hold), giving the stock an overall average rating of "Moderate Buy".
• Shares are trading around C$11.33, the company has a market cap of C$8.65 billion and a P/E of 27.63, and it reported quarterly EPS of C$0.17 on revenue of C$907.15 million.

Capstone Copper (TSE:CS - Get Free Report) had its price objective dropped by analysts at National Bank Financial from C$15.00 to C$14.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the mining company's stock. National Bank Financial's price objective would indicate a potential upside of 23.57% from the company's current price.

Several other equities research analysts have also commented on CS. Canadian Imperial Bank of Commerce lowered shares of Capstone Copper from an "outperform" rating to a "hold" rating and dropped their price target for the company from C$20.00 to C$16.00 in a research note on Thursday, February 19th. Stifel Nicolaus raised their price objective on shares of Capstone Copper from C$17.00 to C$20.00 and gave the company a "buy" rating in a research note on Wednesday, February 11th. TD lowered their price objective on shares of Capstone Copper from C$17.00 to C$16.00 and set a "buy" rating on the stock in a research note on Friday, April 10th. Scotiabank raised their price objective on shares of Capstone Copper from C$16.00 to C$18.00 and gave the company an "outperform" rating in a research note on Thursday, January 8th. Finally, Clarkson Capital upgraded shares of Capstone Copper from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$16.00.

Capstone Copper Stock Performance

Shares of TSE:CS traded up C$0.01 during trading hours on Friday, hitting C$11.33. The stock had a trading volume of 2,035,706 shares, compared to its average volume of 5,224,296. The stock's fifty day simple moving average is C$11.68 and its 200 day simple moving average is C$12.77. Capstone Copper has a 1-year low of C$6.43 and a 1-year high of C$18.04. The firm has a market capitalization of C$8.65 billion, a price-to-earnings ratio of 27.63, a PEG ratio of -0.09 and a beta of 2.16. The company has a debt-to-equity ratio of 45.58, a quick ratio of 0.98 and a current ratio of 1.20.

Capstone Copper (TSE:CS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The mining company reported C$0.17 EPS for the quarter. Capstone Copper had a net margin of 13.27% and a return on equity of 9.77%. The company had revenue of C$907.15 million for the quarter. Sell-side analysts anticipate that Capstone Copper will post 0.8541833 earnings per share for the current fiscal year.

About Capstone Copper

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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