Capstone Copper (TSE:CS) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Capstone Copper Corp. (TSE:CS)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.62 and traded as high as C$12.43. Capstone Copper shares last traded at C$12.41, with a volume of 2,942,196 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Jefferies Financial Group set a C$15.00 price objective on shares of Capstone Copper in a report on Monday, October 6th. Clarkson Capital cut Capstone Copper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. CIBC raised their target price on Capstone Copper from C$11.50 to C$16.50 in a research report on Friday, October 10th. TD Securities raised their price objective on Capstone Copper from C$10.00 to C$14.00 in a report on Tuesday, October 21st. Finally, National Bankshares upped their target price on shares of Capstone Copper from C$12.00 to C$15.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$15.36.

Capstone Copper Trading Up 4.6%

The stock has a market cap of C$9.47 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of -0.09 and a beta of 2.69. The company’s 50-day moving average price is C$11.89 and its 200 day moving average price is C$9.63. The company has a debt-to-equity ratio of 44.16, a quick ratio of 0.98 and a current ratio of 0.94.

Capstone Copper (TSE:CS) last announced its quarterly earnings results on Thursday, October 30th. The mining company reported C$0.32 EPS for the quarter. The business had revenue of C$833.28 million for the quarter. Capstone Copper had a negative return on equity of 0.74% and a negative net margin of 1.47%. On average, sell-side analysts forecast that Capstone Copper Corp. will post 0.8541833 EPS for the current fiscal year.

About Capstone Copper

Capstone Copper Corp is a company that mines, explores, and develops mineral properties in the Americas. Specifically, the group has operating mines in the US, Mexico, and Canada, and development projects in Chile and Canada. Capstone’s main focus is copper, but the company also produces zinc, lead, molybdenum, silver, and gold.