Royal Bank of Canada Raises Capstone Copper (TSE:CS) Price Target to C$12.00

Capstone Copper (TSE:CS) had its price target upped by Royal Bank of Canada from C$9.00 to C$12.00 in a report released on Monday, BayStreet.CA reports. The brokerage currently has an outperform rating on the mining company’s stock.

CS has been the subject of a number of other reports. Stifel Canada reissued a buy rating on shares of Capstone Copper in a research note on Monday, March 25th. Eight Capital boosted their target price on shares of Capstone Copper from C$11.00 to C$12.50 and gave the company a buy rating in a research report on Friday, May 3rd. CIBC raised their price target on shares of Capstone Copper from C$8.00 to C$10.50 and gave the stock an outperform rating in a report on Wednesday, April 17th. BMO Capital Markets upped their price objective on shares of Capstone Copper from C$10.50 to C$11.00 and gave the company an outperform rating in a report on Friday, May 3rd. Finally, Jefferies Financial Group set a C$13.00 price objective on shares of Capstone Copper and gave the stock a buy rating in a research report on Friday, May 3rd. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of Buy and a consensus target price of C$11.25.

Capstone Copper Price Performance

CS stock opened at C$10.10 on Monday. The company has a market capitalization of C$7.60 billion, a P/E ratio of -48.10, a PEG ratio of -0.09 and a beta of 2.36. The company has a fifty day moving average price of C$8.73 and a 200-day moving average price of C$6.95. The company has a debt-to-equity ratio of 44.25, a quick ratio of 0.98 and a current ratio of 1.13. Capstone Copper has a 52-week low of C$4.40 and a 52-week high of C$10.59.

Capstone Copper (TSE:CS) last released its quarterly earnings results on Thursday, February 22nd. The mining company reported C$0.02 EPS for the quarter, meeting analysts’ consensus estimates of C$0.02. Capstone Copper had a negative return on equity of 3.99% and a negative net margin of 7.56%. The firm had revenue of C$481.57 million for the quarter. As a group, equities analysts expect that Capstone Copper will post 0.3335667 EPS for the current year.

Insiders Place Their Bets

In other Capstone Copper news, Director Gordon James Bell acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average cost of C$7.06 per share, with a total value of C$141,140.00. In related news, Director Gordon James Bell acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average price 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 firm’s 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. Company insiders own 15.95% of the company’s stock.

Capstone Copper Company Profile

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.