Capstone Mining Corp (TSE:CS)’s share price shot up 4% on Wednesday after BMO Capital Markets raised their price target on the stock from C$1.90 to C$2.00. The stock traded as high as C$1.29 and last traded at C$1.29. 806,252 shares changed hands during trading, a decline of 22% from the average session volume of 1,027,450 shares. The stock had previously closed at C$1.24.

CS has been the topic of several other research reports. Eight Capital reaffirmed a “buy” rating on shares of Capstone Mining Corp in a research report on Thursday, August 17th. CIBC reaffirmed an “outperform” rating and issued a C$2.00 price objective on shares of Capstone Mining Corp in a research report on Friday, September 15th. Scotiabank reaffirmed an “outperform” rating and issued a C$1.50 price objective on shares of Capstone Mining Corp in a research report on Tuesday, August 1st. Finally, National Bank Financial upped their price objective on Capstone Mining Corp from C$1.45 to C$1.60 and gave the company a “sector perform” rating in a research report on Tuesday, August 1st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$1.63.

In other news, insider Grm Investments Ltd. purchased 266,000 shares of the company’s stock in a transaction dated Friday, July 7th. The shares were acquired at an average price 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 stock in a transaction 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.

The stock’s market cap is $508.70 million. The stock has a 50-day moving average price of $1.29 and a 200-day moving average price of $1.12.

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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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