Capstone Copper (TSE:CS) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Capstone Copper shares moved above their 200-day moving average, reaching C$14.80 before closing at C$14.37, compared with a 200-day average of C$13.24.
• Analysts have broadly become more bullish, with recent target increases and upgrades contributing to a consensus “Buy” rating and an average price target of C$16.71.
• In its latest quarter, Capstone Copper reported C$0.19 in earnings per share and C$1.05 billion in revenue, along with a 17.67% net margin and 13.69% return on equity.

Capstone Copper Corp. (TSE:CS - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$13.24 and traded as high as C$14.80. Capstone Copper shares last traded at C$14.37, with a volume of 2,644,057 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently commented on CS. Raymond James Financial lifted their target price on Capstone Copper from C$18.50 to C$19.00 and gave the company an "outperform" rating in a research note on Friday, September 4th. National Bank Financial raised their price target on Capstone Copper from C$14.00 to C$16.50 and gave the company an "outperform" rating in a report on Tuesday, July 14th. Citigroup upgraded Capstone Copper to a "strong-buy" rating in a report on Tuesday, August 11th. Scotiabank lifted their price objective on Capstone Copper from C$15.50 to C$18.00 and gave the stock a "sector outperform" rating in a research report on Monday, June 15th. Finally, The Goldman Sachs Group raised Capstone Copper from a "hold" rating to a "buy" rating and boosted their price objective for the stock from C$15.00 to C$18.00 in a report on Monday, August 31st. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Capstone Copper has a consensus rating of "Buy" and a consensus target price of C$16.71.

Capstone Copper Stock Down 1.1%

The business's fifty day simple moving average is C$14.40 and its 200 day simple moving average is C$13.24. The company has a current ratio of 1.24, a quick ratio of 0.98 and a debt-to-equity ratio of 41.76. The stock has a market cap of C$10.98 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of -0.09 and a beta of 2.21.

Capstone Copper (TSE:CS - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The mining company reported C$0.19 earnings per share for the quarter. Capstone Copper had a return on equity of 13.69% and a net margin of 17.67%.The company had revenue of C$1.05 billion for the quarter. Equities analysts forecast that Capstone Copper Corp. 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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