FY2017 Earnings Forecast for Capstone Mining Corp Issued By Cormark (CS)
Capstone Mining Corp (TSE:CS) – Stock analysts at Cormark raised their FY2017 EPS estimates for shares of Capstone Mining Corp in a report issued on Friday. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings per share of $0.14 for the year, up from their previous estimate of $0.13.
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Several other research firms also recently commented on CS. BMO Capital Markets lowered their price objective on shares of Capstone Mining Corp from C$2.00 to C$1.80 and set an “outperform” rating for the company in a research note on Tuesday, August 1st. National Bank Financial lifted their price objective on shares of Capstone Mining Corp from C$1.45 to C$1.60 and gave the stock a “sector perform” rating in a research note on Tuesday, August 1st. Scotiabank reiterated an “outperform” rating and set a C$1.50 price objective on shares of Capstone Mining Corp in a research note on Thursday, July 13th. Finally, Eight Capital reiterated a “buy” rating on shares of Capstone Mining Corp in a research note on Thursday, August 17th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Capstone Mining Corp presently has an average rating of “Buy” and a consensus price target of C$1.56.
Shares of Capstone Mining Corp (TSE:CS) opened at 1.53 on Monday. Capstone Mining Corp has a 12 month low of $0.65 and a 12 month high of $1.81. The stock has a 50 day moving average price of $1.20 and a 200-day moving average price of $1.15. The company’s market capitalization is $598.70 million.
In other Capstone Mining Corp news, insider Grm Investments Ltd. bought 266,000 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The stock was bought at an average cost of C$0.89 per share, for a total transaction of C$236,740.00. Also, insider George Leslie Brack bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The shares were acquired at an average price of C$0.80 per share, with a total value of C$80,000.00. Insiders have purchased 2,690,500 shares of company stock valued at $2,327,300 over the last 90 days.
Capstone Mining Corp Company Profile
Capstone Mining Corp. is a Canada-based mining company. The Company is engaged in the production of and exploration for base metals in the United States, Mexico, Canada and Chile, with a focus on copper. The Company’s segments include individual mining operations of Pinto Valley (the United States), Cozamin (Mexico), Minto (Canada), Santo Domingo development project (Chile) and other.
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