Capstone Copper (TSE:CS) Reaches New 1-Year High at $10.05

Capstone Copper Corp. (TSE:CS) reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$10.05 and last traded at C$10.01, with a volume of 797230 shares trading hands. The stock had previously closed at C$9.62.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CS shares. TD Securities upped their price objective on Capstone Copper from C$8.50 to C$9.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Canaccord Genuity Group increased their price target on shares of Capstone Copper from C$9.50 to C$13.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Stifel Nicolaus set a C$9.00 price objective on shares of Capstone Copper and gave the stock a “buy” rating in a research report on Tuesday, March 26th. CIBC raised their target price on shares of Capstone Copper from C$8.00 to C$10.50 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Finally, National Bankshares upped their price target on Capstone Copper from C$8.25 to C$8.75 in a research report on Thursday, January 25th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$9.63.

Capstone Copper Stock Up 7.9 %

The company has a debt-to-equity ratio of 44.25, a current ratio of 1.13 and a quick ratio of 0.98. The business’s 50 day moving average price is C$8.22 and its 200 day moving average price is C$6.64. The firm has a market cap of C$7.81 billion, a PE ratio of -48.90, a PEG ratio of -0.09 and a beta of 2.32.

Capstone Copper (TSE:CS) last issued its quarterly earnings results on Thursday, February 22nd. The mining company reported C$0.02 EPS for the quarter, hitting the consensus estimate of C$0.02. The firm had revenue of C$481.57 million during the quarter. Capstone Copper had a negative return on equity of 3.99% and a negative net margin of 7.56%. On average, equities research analysts expect that Capstone Copper Corp. will post 0.3505466 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Darren Murvin Pylot sold 83,600 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$8.14, for a total transaction of C$680,228.12. In other news, Director Gordon James Bell acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of C$7.06 per share, with a total value of C$141,140.00. Also, Director Darren Murvin Pylot sold 83,600 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$8.14, for a total value of C$680,228.12. 17.24% of the stock is currently owned by company insiders.

About Capstone Copper

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.