TD Cuts Capstone Copper (TSE:CS) Price Target to C$16.00

Key Points

• TD lowered its price target on Capstone Copper from C$17.00 to C$16.00 while maintaining a "buy" rating, a target TD says implies about a 32.45% upside from the stock's previous close.
• Analyst coverage is mixed but favorable overall — one Strong Buy, four Buy and two Hold — giving an average rating of "Moderate Buy" and an average price target of C$16.55.
• Shares traded at C$12.08 (market cap C$9.22B), below analyst targets; the company recently reported Q EPS of C$0.14 and revenue of C$906.9M.

Capstone Copper (TSE:CS - Get Free Report) had its price target decreased by equities research analysts at TD from C$17.00 to C$16.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the mining company's stock. TD's price target points to a potential upside of 32.45% from the stock's previous close.

Several other equities research analysts have also recently issued reports on CS. National Bank Financial raised their price objective on shares of Capstone Copper from C$16.50 to C$19.50 in a research report on Thursday, January 29th. Desjardins cut Capstone Copper from a "buy" rating to a "hold" rating and lowered their target price for the stock from C$18.00 to C$16.00 in a research note on Wednesday, February 18th. Scotiabank upped their price objective on Capstone Copper from C$16.00 to C$18.00 and gave the stock an "outperform" rating in a research report on Thursday, January 8th. Clarkson Capital upgraded shares of Capstone Copper from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 22nd. Finally, Stifel Nicolaus upped their target price on shares of Capstone Copper from C$17.00 to C$20.00 and gave the company a "buy" rating in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Capstone Copper presently has an average rating of "Moderate Buy" and an average price target of C$16.55.

Capstone Copper Stock Performance

Shares of CS stock traded up C$0.22 on Friday, hitting C$12.08. The company had a trading volume of 1,805,585 shares, compared to its average volume of 5,389,957. The firm has a market cap of C$9.22 billion, a P/E ratio of 29.46, a price-to-earnings-growth ratio of -0.09 and a beta of 2.16. The company has a 50-day moving average price of C$12.71 and a 200-day moving average price of C$12.77. The company has a quick ratio of 0.98, a current ratio of 1.20 and a debt-to-equity ratio of 45.58. Capstone Copper has a twelve month low of C$5.45 and a twelve month high of C$18.04.

Capstone Copper (TSE:CS - Get Free Report) last posted its earnings results on Monday, March 2nd. The mining company reported C$0.14 earnings per share (EPS) for the quarter. The firm had revenue of C$906.88 million during the quarter. Capstone Copper had a net margin of 13.27% and a return on equity of 9.77%. As a group, equities research analysts predict that Capstone Copper will post 0.8541833 earnings per share for the current fiscal year.

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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