Capstone Mining Corp (CS) Shares Down 6.8%
Capstone Mining Corp (TSE:CS) dropped 6.8% during mid-day trading on Friday . The company traded as low as C$1.36 and last traded at C$1.38. Approximately 546,338 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 925,360 shares. The stock had previously closed at C$1.48.
CS has been the topic of a number of recent analyst reports. Eight Capital reissued a “buy” rating on shares of Capstone Mining Corp in a report on Thursday, August 17th. Scotiabank reissued an “outperform” rating and issued a C$1.50 price target on shares of Capstone Mining Corp in a report on Thursday, July 13th. BMO Capital Markets reissued an “outperform” rating and issued a C$2.00 price target on shares of Capstone Mining Corp in a report on Thursday, July 13th. Finally, National Bank Financial increased their price target on shares of Capstone Mining Corp from C$1.45 to C$1.60 and gave the stock a “sector perform” rating in a report on Tuesday, August 1st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$1.56.
The company’s market cap is $540.01 million. The firm has a 50-day moving average of $1.24 and a 200-day moving average of $1.14.
In other Capstone Mining Corp news, insider Grm Investments Ltd. purchased 266,000 shares of the stock in a transaction that occurred on Friday, July 7th. The shares were bought at an average cost of C$0.89 per share, with a total value of C$236,740.00. Also, Director Manuel Arturo Estrada sold 23,958 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of C$1.46, for a total value of C$34,978.68. Over the last three months, insiders purchased 2,690,500 shares of company stock worth $2,327,300.
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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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