Capstone Copper (TSE:CS) Sets New 1-Year High – Time to Buy?

Shares of Capstone Copper Corp. (TSE:CS) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$13.86 and last traded at C$13.70, with a volume of 4109285 shares. The stock had previously closed at C$13.47.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CS. National Bankshares increased their target price on Capstone Copper from C$15.00 to C$16.50 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. CIBC raised their price objective on Capstone Copper from C$11.50 to C$16.50 in a research note on Friday, October 10th. Scotiabank upped their target price on Capstone Copper from C$11.50 to C$16.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. TD Securities upped their price target on shares of Capstone Copper from C$10.00 to C$14.00 in a report on Tuesday, October 21st. Finally, BMO Capital Markets raised their price objective on Capstone Copper from C$13.00 to C$14.00 in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$15.75.

Capstone Copper Stock Performance

The company’s 50-day moving average price is C$12.22 and its 200 day moving average price is C$10.37. The stock has a market capitalization of C$10.43 billion, a PE ratio of 33.32, a PEG ratio of -0.09 and a beta of 2.31. 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 released its quarterly earnings results on Thursday, October 30th. The mining company reported C$0.32 earnings per share (EPS) for the quarter. Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 0.74%. The company had revenue of C$833.28 million during the quarter. On average, equities research analysts expect that Capstone Copper Corp. will post 0.8541833 earnings per share 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.