Capstone Copper (TSE:CS) Reaches New 12-Month High Following Analyst Upgrade

Capstone Copper Corp. (TSE:CS - Get Free Report) hit a new 52-week high on Monday after National Bankshares raised their price target on the stock from C$10.50 to C$11.50. National Bankshares currently has an outperform rating on the stock. Capstone Copper traded as high as C$10.59 and last traded at C$10.55, with a volume of 3807720 shares traded. The stock had previously closed at C$9.95.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group set a C$13.00 price objective on Capstone Copper and gave the stock a "buy" rating in a research note on Friday. Stifel Canada reissued a "buy" rating on shares of Capstone Copper in a research report on Monday, March 25th. Canaccord Genuity Group upped their target price on shares of Capstone Copper from C$9.50 to C$13.00 and gave the company a "buy" rating in a report on Wednesday, April 17th. Eight Capital lifted their price target on Capstone Copper from C$11.00 to C$12.50 and gave the stock a "buy" rating in a report on Friday. Finally, TD Securities upped their price objective on Capstone Copper from C$8.50 to C$9.00 and gave the company a "buy" rating in a research note on Friday, February 23rd. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Capstone Copper currently has an average rating of "Buy" and an average price target of C$11.25.

Insider Activity

In other Capstone Copper news, Director Darren Murvin Pylot sold 83,600 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$8.14, for a total transaction of C$680,228.12. In related news, Director Gordon James Bell purchased 20,000 shares of Capstone Copper stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average price of C$7.06 per share, with a total value of C$141,140.00. Also, 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. 15.95% of the stock is owned by company insiders.

Capstone Copper Stock Performance

The company has a debt-to-equity ratio of 44.25, a quick ratio of 0.98 and a current ratio of 1.13. The stock has a market cap of C$7.94 billion, a price-to-earnings ratio of -48.86, a P/E/G ratio of -0.09 and a beta of 2.36. The stock has a fifty day simple moving average of C$8.53 and a two-hundred day simple moving average of C$6.85.

Capstone Copper (TSE:CS - Get Free Report) last released its earnings results on Thursday, February 22nd. The mining company reported C$0.02 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of C$0.02. The firm had revenue of C$481.57 million for the quarter. Capstone Copper had a negative return on equity of 3.99% and a negative net margin of 7.56%. Analysts expect that Capstone Copper Corp. will post 0.3335667 EPS for the current fiscal year.

About Capstone Copper

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.