Scotiabank Cuts Capstone Copper (TSE:CS) Price Target to C$11.00

Capstone Copper (TSE:CS) had its price target reduced by analysts at Scotiabank from C$12.00 to C$11.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 24.15% from the company’s current price.

Several other research firms have also recently commented on CS. National Bankshares boosted their target price on Capstone Copper from C$12.75 to C$13.75 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Eight Capital increased their target price on shares of Capstone Copper from C$14.00 to C$15.00 in a report on Friday, November 22nd. Canaccord Genuity Group reduced their price target on Capstone Copper from C$14.00 to C$12.50 in a research report on Monday, November 25th. TD Securities boosted their price target on Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Citigroup raised Capstone Copper to a “strong-buy” rating in a report on Wednesday, December 11th. Thirteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$12.60.

Capstone Copper Stock Down 2.5 %

Shares of CS stock traded down C$0.23 during trading hours on Tuesday, hitting C$8.86. 1,647,735 shares of the company were exchanged, compared to its average volume of 1,722,550. Capstone Copper has a 52 week low of C$5.99 and a 52 week high of C$11.51. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 40.10. The business has a 50 day moving average of C$9.24 and a two-hundred day moving average of C$9.51. The company has a market capitalization of C$6.67 billion, a PE ratio of -42.19, a PEG ratio of -0.09 and a beta of 2.14.

Capstone Copper (TSE:CS) last released its earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). The firm had revenue of C$572.14 million for the quarter, compared to the consensus estimate of C$612.00 million. Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. Analysts anticipate that Capstone Copper will post 0.8541833 earnings per share for the current fiscal year.

Insider Transactions at Capstone Copper

In related news, Director John Mackenzie sold 49,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$9.65, for a total value of C$473,075.40. Also, Director Darren Murvin Pylot sold 44,250 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$9.60, for a total value of C$424,804.43. Over the last quarter, insiders have sold 843,250 shares of company stock worth $8,656,280. Company insiders own 15.37% 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.