Capstone Copper (TSE:CS) Stock Price Breaks Above 200 Day Moving Average - Here's What Happened

Key Points

• Capstone Copper shares broke above their 200-day moving average, reaching C$14.67 before closing at C$14.36 on volume of 2.89 million shares.
• Analyst sentiment is broadly positive: the stock has an average “Buy” rating and an average price target of C$16.86, with several firms recently raising targets to between C$16.50 and C$21.00.
• The company reported quarterly EPS of C$0.19 on revenue of C$1.05 billion, while insider Cashel Meagher sold 52,994 shares for approximately C$767,000.

Capstone Copper Corp. (TSE:CS - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$13.49 and traded as high as C$14.67. Capstone Copper shares last traded at C$14.36, with a volume of 2,888,500 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CS. Citigroup upgraded shares of Capstone Copper to a "strong-buy" rating in a report on Tuesday, August 11th. Scotiabank upped their target price on shares of Capstone Copper from C$15.50 to C$18.00 and gave the stock a "sector outperform" rating in a research note on Monday, June 15th. The Goldman Sachs Group raised shares of Capstone Copper from a "hold" rating to a "buy" rating and raised their target price for the stock from C$15.00 to C$18.00 in a research report on Monday, August 31st. National Bank Financial lifted their price target on shares of Capstone Copper from C$14.00 to C$16.50 and gave the company an "outperform" rating in a research note on Tuesday, July 14th. Finally, Stifel Nicolaus increased their price objective on Capstone Copper from C$20.00 to C$21.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of C$16.86.

Capstone Copper Trading Down 2.1%

The stock has a market capitalization of C$10.97 billion, a P/E ratio of 23.16, a P/E/G ratio of -0.09 and a beta of 2.27. The stock's 50 day moving average price is C$14.90 and its 200-day moving average price is C$13.49. The company has a quick ratio of 0.98, a current ratio of 1.24 and a debt-to-equity ratio of 41.76.

Capstone Copper (TSE:CS - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The mining company reported C$0.19 EPS for the quarter. The company 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%. As a group, equities research analysts expect that Capstone Copper Corp. will post 0.8541833 earnings per share for the current year.

Insider Buying and Selling at Capstone Copper

In related news, insider Cashel Aran Meagher sold 52,994 shares of the company's stock in a transaction on Wednesday, September 23rd. The stock was 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 C$3,751,941.76. This represents a 16.98% decrease in their position. 15.37% of the stock is owned by company insiders.

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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