Capstone Copper (OTCMKTS:CSCCF) Trading 3.1% Higher – Still a Buy?

Shares of Capstone Copper Corp. (OTCMKTS:CSCCF) traded up 3.1% during trading on Monday . The company traded as high as C$12.03 and last traded at C$12.03. Approximately 31,812 shares were traded during trading, a decline of 93% from the average daily volume of 443,578 shares. The stock had previously closed at C$11.67.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CSCCF shares. Citigroup reiterated a “buy” rating on shares of Capstone Copper in a research note on Wednesday, August 12th. Scotiabank restated an “outperform” rating on shares of Capstone Copper in a research report on Monday, August 3rd. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Capstone Copper in a report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Capstone Copper Stock Down 1.8%

The firm has a fifty day simple moving average of C$9.91 and a two-hundred day simple moving average of C$9.53.

Capstone Copper Company Profile

Capstone Copper Ltd is a copper-focused exploration and development company headquartered in Vancouver, British Columbia. Established through a corporate spin-off from Capstone Mining Corp, the company is dedicated to advancing copper resources across the Americas. Capstone Copper’s portfolio comprises early- to mid-stage projects, with an initial emphasis on high-grade copper deposits in Chile and surrounding jurisdictions.

The company’s principal activities include geological exploration, resource definition, engineering studies, and environmental permitting.