Capstone Copper (TSE:CS) Hits New 1-Year High at $9.77

Capstone Copper Corp. (TSE:CS - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$9.77 and last traded at C$9.73, with a volume of 462358 shares changing hands. The stock had previously closed at C$9.59.

Analysts Set New Price Targets

A number of brokerages have issued reports on CS. Stifel Nicolaus set a C$9.00 target price on Capstone Copper and gave the stock a "buy" rating in a report on Tuesday, March 26th. CIBC raised their target price on Capstone Copper from C$8.00 to C$10.50 and gave the stock an "outperform" rating in a report on Wednesday. TD Securities raised their target price on Capstone Copper from C$8.50 to C$9.00 and gave the stock a "buy" rating in a report on Friday, February 23rd. BMO Capital Markets raised their price target on Capstone Copper from C$7.50 to C$8.00 in a research report on Friday, February 23rd. Finally, Canaccord Genuity Group raised their price target on Capstone Copper from C$9.50 to C$13.00 and gave the stock a "buy" rating in a research report on Wednesday. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Capstone Copper currently has a consensus rating of "Buy" and a consensus target price of C$9.22.

Capstone Copper Price Performance

The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 44.25. The company has a 50 day moving average price of C$7.87 and a 200 day moving average price of C$6.49. The company has a market capitalization of C$7.16 billion, a P/E ratio of -45.29, a P/E/G ratio of -0.09 and a beta of 2.32.

Capstone Copper (TSE:CS - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The mining company reported C$0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.02. The business had revenue of C$481.57 million during the quarter. Capstone Copper had a negative return on equity of 3.99% and a negative net margin of 7.56%. On average, equities analysts predict that Capstone Copper Corp. will post 0.3505466 EPS for the current fiscal year.

Insider Activity at Capstone Copper

In other news, Director Darren Murvin Pylot sold 83,600 shares of Capstone Copper stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$8.14, for a total value of C$680,228.12. In other Capstone Copper news, Director Gordon James Bell purchased 20,000 shares of the firm's stock in a transaction on Wednesday, February 28th. The stock was acquired at an average price of C$7.06 per share, for a total transaction of C$141,140.00. Also, Director Darren Murvin Pylot sold 83,600 shares of the business's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$8.14, for a total transaction of C$680,228.12. 17.24% of the stock is owned by company insiders.

Capstone Copper Company Profile

Capstone Copper Corp. operates as a copper mining company in the United States, Chile, and Mexico. It primarily explores for copper, silver, zinc, and other metals. The company owns 100% interests in Pinto Valley copper mine located in the Arizona, the United States; Mantos Blancos copper-silver mine located in the Region of Antofagasta, Chile; Santo Domingo copper-iron-gold-cobalt project located in the Atacama region, Chile; and Cozamin copper-silver mine located in the Zacatecas, Mexico.