National Bankshares Forecasts Strong Price Appreciation for Capstone Copper (TSE:CS) Stock

Key Points

• National Bankshares has raised its price target for Capstone Copper from C$9.75 to C$12.00, indicating a potential upside of 5.17% from the current stock price.
• The stock currently holds a consensus rating of "Buy" with two analysts rating it as Strong Buy and four as Buy, while one has given it a Hold rating.
• Capstone Copper's shares traded at C$11.41 following an increase of C$1.10 during trading hours, with a market capitalization of C$8.70 billion and recent trading volume significantly higher than its average.

Capstone Copper (TSE:CS - Get Free Report) had its price target raised by research analysts at National Bankshares from C$9.75 to C$12.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the mining company's stock. National Bankshares' price target would suggest a potential upside of 5.17% from the stock's current price.

Separately, Raymond James Financial raised Capstone Copper to a "moderate buy" rating in a report on Monday, June 30th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$12.57.

Capstone Copper Stock Performance

Shares of TSE:CS traded up C$1.10 during trading hours on Wednesday, hitting C$11.41. The stock had a trading volume of 5,353,495 shares, compared to its average volume of 2,597,780. The stock's fifty day simple moving average is C$9.15 and its 200 day simple moving average is C$7.96. The firm has a market capitalization of C$8.70 billion, a price-to-earnings ratio of 114.10, a PEG ratio of -0.09 and a beta of 2.20. The company has a debt-to-equity ratio of 44.16, a quick ratio of 0.98 and a current ratio of 0.94. Capstone Copper has a 1-year low of C$4.98 and a 1-year high of C$11.54.

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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