Capstone Mining Corp Expected to Earn Q3 2017 Earnings of $0.06 Per Share (CS)
Capstone Mining Corp (TSE:CS) – Stock analysts at Cormark boosted their Q3 2017 earnings per share (EPS) estimates for shares of Capstone Mining Corp in a note issued to investors on Wednesday. Cormark analyst S. Ioannou now forecasts that the mining company will earn $0.06 per share for the quarter, up from their previous forecast of $0.05. Cormark also issued estimates for Capstone Mining Corp’s Q4 2017 earnings at $0.06 EPS.
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A number of other research analysts have also recently weighed in on CS. Eight Capital reiterated a “buy” rating on shares of Capstone Mining Corp in a report on Thursday, August 17th. Scotiabank reiterated an “outperform” rating and issued a C$1.50 target price on shares of Capstone Mining Corp in a report on Thursday, July 13th. National Bank Financial lifted their target price on Capstone Mining Corp from C$1.45 to C$1.60 and gave the company a “sector perform” rating in a report on Tuesday, August 1st. Finally, BMO Capital Markets reduced their target price on Capstone Mining Corp from C$2.00 to C$1.80 and set an “outperform” rating on the stock in a report on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$1.56.
Shares of Capstone Mining Corp (CS) opened at 1.31 on Thursday. The firm’s 50-day moving average price is $1.27 and its 200 day moving average price is $1.13. The stock’s market cap is $512.62 million. Capstone Mining Corp has a one year low of $0.68 and a one year high of $1.81.
In other Capstone Mining Corp news, Director Manuel Arturo Estrada sold 23,958 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of C$1.46, for a total transaction of C$34,978.68. Also, insider Grm Investments Ltd. acquired 266,000 shares of Capstone Mining Corp stock in a transaction on Friday, July 7th. The shares were bought at an average price of C$0.89 per share, for a total transaction of C$236,740.00. In the last 90 days, insiders have acquired 866,000 shares of company stock worth $721,740.
About Capstone Mining Corp
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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