Capstone Copper (TSE:CS) Stock Price Down 2.9% – What’s Next?

Capstone Copper Corp. (TSE:CS) shares traded down 2.9% during mid-day trading on Tuesday . The stock traded as low as C$7.94 and last traded at C$7.97. 340,475 shares changed hands during trading, a decline of 82% from the average session volume of 1,856,782 shares. The stock had previously closed at C$8.21.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. CIBC boosted their price target on Capstone Copper from C$12.00 to C$12.50 in a research note on Monday, November 25th. National Bankshares increased their price objective on shares of 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. Scotiabank dropped their price objective on shares of Capstone Copper from C$12.00 to C$11.00 in a research note on Tuesday, January 21st. Citigroup upgraded shares of Capstone Copper to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, Eight Capital raised their target price on Capstone Copper from C$14.00 to C$15.00 in a research report on Friday, November 22nd. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$12.60.

Capstone Copper Trading Up 5.4 %

The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10. The firm has a market cap of C$6.33 billion, a price-to-earnings ratio of -40.05, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. The business’s fifty day moving average is C$9.03 and its two-hundred day moving average is C$9.41.

Capstone Copper (TSE:CS) last posted its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). The business 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%. Equities analysts anticipate that Capstone Copper Corp. will post 0.8541833 earnings per share for the current fiscal year.

Insider Transactions at Capstone Copper

In other Capstone Copper news, Director Darren Murvin Pylot sold 250,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$10.04, for a total value of C$2,508,950.00. Also, Director John Mackenzie sold 49,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$9.65, for a total transaction of C$473,075.40. Insiders have sold 843,250 shares of company stock worth $8,656,280 in the last three months. Insiders own 15.37% of the company’s stock.

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.