Capstone Copper (TSE:CS) Given New C$10.50 Price Target at CIBC

Capstone Copper (TSE:CS) had its price target raised by stock analysts at CIBC from C$8.00 to C$10.50 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the mining company’s stock. CIBC’s price objective would suggest a potential upside of 10.41% from the company’s previous close.

A number of other analysts have also recently issued reports on the stock. BMO Capital Markets lifted their target price on shares of Capstone Copper from C$7.50 to C$8.00 in a research note on Friday, February 23rd. National Bankshares upped their price target on Capstone Copper from C$8.25 to C$8.75 in a research note on Thursday, January 25th. TD Securities increased their price target on Capstone Copper from C$8.50 to C$9.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Stifel Nicolaus set a C$9.00 price objective on shares of Capstone Copper and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Finally, Stifel Canada reaffirmed a “buy” rating on shares of Capstone Copper in a report on Monday, March 25th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Capstone Copper presently has a consensus rating of “Buy” and a consensus target price of C$9.22.

Capstone Copper Stock Down 0.8 %

Shares of Capstone Copper stock traded down C$0.08 on Wednesday, hitting C$9.51. 2,441,782 shares of the company traded hands, compared to its average volume of 1,856,483. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 44.25. Capstone Copper has a 12-month low of C$4.40 and a 12-month high of C$9.77. The company has a 50-day moving average price of C$7.81 and a 200 day moving average price of C$6.46. The company has a market cap of C$7.16 billion, a PE ratio of -45.29, a PEG ratio of -0.09 and a beta of 2.32.

Capstone Copper (TSE:CS) last issued its earnings results on Thursday, February 22nd. The mining company reported C$0.02 earnings per share for the quarter, hitting the consensus estimate of C$0.02. The company 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%. Sell-side analysts predict that Capstone Copper will post 0.3505466 earnings per share for the current year.

Insider Activity at Capstone Copper

In other news, Director Gordon James Bell acquired 20,000 shares of Capstone Copper stock in a transaction on Wednesday, February 28th. The stock was bought at an average price of C$7.06 per share, for a total transaction of C$141,140.00. In related news, Director Gordon James Bell acquired 20,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were bought at an average cost 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 company’s 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. Corporate insiders own 17.24% of the company’s stock.

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.