Capstone Copper (TSE:CS) Director Sells C$10,684,058.00 in Stock

Capstone Copper Corp. (TSE:CS) Director John Mackenzie sold 816,200 shares of Capstone Copper stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of C$13.09, for a total transaction of C$10,684,058.00. Following the transaction, the director directly owned 7,000,000 shares in the company, valued at approximately C$91,630,000. This trade represents a 10.44% decrease in their ownership of the stock.

John Mackenzie also recently made the following trade(s):

• On Monday, May 11th, John Mackenzie sold 183,800 shares of Capstone Copper stock. The shares were sold at an average price of C$13.13, for a total transaction of C$2,413,294.00.

Capstone Copper Trading Down 8.0%

CS stock traded down C$1.12 during midday trading on Friday, reaching C$12.84. 3,595,648 shares of the company’s stock traded hands, compared to its average volume of 5,226,353. The company has a market capitalization of C$9.81 billion, a P/E ratio of 23.35, a PEG ratio of -0.09 and a beta of 2.18. The company has a debt-to-equity ratio of 45.85, a current ratio of 1.35 and a quick ratio of 0.98. Capstone Copper Corp. has a fifty-two week low of C$6.43 and a fifty-two week high of C$18.04. The business has a 50-day moving average price of C$11.52 and a two-hundred day moving average price of C$12.85.

Capstone Copper (TSE:CS) last released its quarterly earnings data on Wednesday, April 29th. The mining company reported C$0.17 EPS for the quarter. Capstone Copper had a return on equity of 12.69% and a net margin of 17.04%.The company had revenue of C$907.15 million for the quarter. Equities research analysts forecast that Capstone Copper Corp. will post 0.8541833 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. TD decreased their target price on Capstone Copper from C$17.00 to C$16.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Stifel Nicolaus upped their target price on Capstone Copper from C$17.00 to C$20.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Clarkson Capital raised shares of Capstone Copper from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Canadian Imperial Bank of Commerce lowered shares of Capstone Copper from an “outperform” rating to a “hold” rating and cut their price objective for the stock from C$20.00 to C$16.00 in a report on Thursday, February 19th. Finally, Desjardins lowered shares of Capstone Copper from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$18.00 to C$16.00 in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Capstone Copper currently has an average rating of “Moderate Buy” and a consensus price target of C$16.00.

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.