Capstone Copper (TSE:CS) Insider Sells C$767,353.12 in Stock

Capstone Copper Corp. (TSE:CS) insider Cashel Aran Meagher sold 52,994 shares of Capstone Copper stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of C$14.48, for a total value of C$767,353.12. Following the sale, the insider owned 259,112 shares in the company, valued at C$3,751,941.76. The trade was a 16.98% decrease in their ownership of the stock.

Capstone Copper Price Performance

Shares of TSE:CS opened at C$14.54 on Monday. The company’s 50-day moving average is C$14.73 and its 200 day moving average is C$13.33. The company has a debt-to-equity ratio of 41.76, a quick ratio of 0.98 and a current ratio of 1.24. The company has a market capitalization of C$11.11 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of -0.09 and a beta of 2.21. Capstone Copper Corp. has a fifty-two week low of C$9.30 and a fifty-two week high of C$18.04.

Capstone Copper (TSE:CS) last posted its quarterly earnings results on Thursday, July 30th. The mining company reported C$0.19 earnings per share for the quarter. The company had revenue of C$1.05 billion during the quarter. Capstone Copper had a net margin of 17.67% and a return on equity of 13.69%. On average, equities research analysts forecast that Capstone Copper Corp. will post 0.8541833 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CS. National Bank Financial raised their price target on shares of Capstone Copper from C$14.00 to C$16.50 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Citigroup upgraded Capstone Copper to a “strong-buy” rating in a research note on Tuesday, August 11th. Scotiabank raised their target price on Capstone Copper from C$15.50 to C$18.00 and gave the stock a “sector outperform” rating in a research report on Monday, June 15th. Desjardins set a C$16.00 target price on Capstone Copper and gave the stock a “hold” rating in a research report on Tuesday, September 22nd. Finally, Stifel Nicolaus boosted their target price on Capstone Copper from C$20.00 to C$21.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$16.71.

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.