Capstone Copper (TSE:CS) Hits New 52-Week High – Here’s Why

Capstone Copper Corp. (TSE:CS) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$15.00 and last traded at C$14.91, with a volume of 426821 shares changing hands. The stock had previously closed at C$14.48.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CS. Scotiabank increased their price objective on Capstone Copper from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Jefferies Financial Group set a C$15.00 price objective on shares of Capstone Copper in a report on Monday, October 6th. Royal Bank Of Canada increased their target price on shares of Capstone Copper from C$15.00 to C$17.00 in a report on Wednesday, December 10th. Stifel Nicolaus raised their target price on shares of Capstone Copper from C$12.00 to C$17.00 in a research note on Tuesday, October 21st. Finally, BMO Capital Markets increased their price target on shares of Capstone Copper from C$13.00 to C$14.00 in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$16.00.

Capstone Copper Price Performance

The company’s 50-day moving average price is C$13.07 and its two-hundred day moving average price is C$11.18. The company has a debt-to-equity ratio of 44.16, a current ratio of 0.94 and a quick ratio of 0.98. The company has a market capitalization of C$10.85 billion, a P/E ratio of 34.68, a price-to-earnings-growth ratio of -0.09 and a beta of 2.60.

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 net margin of 1.47% and a negative return on equity of 0.74%. As a group, sell-side analysts expect that Capstone Copper Corp. will post 0.8541833 EPS for the current 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.