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

Key Points

• National Bankshares has raised its price target for Capstone Copper (TSE:CS) from C$12.00 to C$15.00, indicating a potential upside of 10.21% from the stock's previous close.
• Capstone Copper currently holds a consensus rating of "Buy" with two analysts rating it as "Strong Buy" and an average price target of C$13.29.
• As of the recent trading session, Capstone Copper's stock price reached C$13.61, marking a significant performance improvement from its 52-week low of C$4.98.

Capstone Copper (TSE:CS - Get Free Report) had its price objective hoisted by equities research analysts at National Bankshares from C$12.00 to C$15.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the mining company's stock. National Bankshares' price objective would suggest a potential upside of 10.21% from the stock's previous close.

CS has been the topic of several other research reports. Raymond James Financial raised shares of Capstone Copper to a "moderate buy" rating in a research report on Monday, June 30th. Jefferies Financial Group set a C$15.00 target price on shares of Capstone Copper in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$13.29.

Capstone Copper Stock Performance

TSE:CS traded up C$1.11 during trading hours on Wednesday, hitting C$13.61. 3,974,502 shares of the company were exchanged, compared to its average volume of 2,645,314. The stock has a market capitalization of C$10.37 billion, a price-to-earnings ratio of 136.10, a PEG ratio of -0.09 and a beta of 2.53. Capstone Copper has a 52-week low of C$4.98 and a 52-week high of C$13.64. The company has a debt-to-equity ratio of 44.16, a current ratio of 0.94 and a quick ratio of 0.98. The company's 50 day moving average price is C$9.96 and its 200-day moving average price is C$8.23.

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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