Capstone Copper (TSE:CS) Stock Gets Price Target Reduction from Raymond James Financial

Capstone Copper (TSE:CS) had its target price cut by Raymond James Financial from C$17.00 to C$16.00 in a research note released on Friday morning,BayStreet reports. They currently have an outperform rating on the mining company’s stock.

Several other research analysts have also commented on CS. Citigroup upgraded shares of Capstone Copper to a “strong-buy” rating in a report on Tuesday, August 11th. Stifel Nicolaus boosted their target price on shares of Capstone Copper from C$20.00 to C$21.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Desjardins set a C$16.00 price objective on shares of Capstone Copper and gave the stock a “hold” rating in a research note on Tuesday, September 22nd. National Bank Financial boosted their target price on shares of Capstone Copper from C$14.00 to C$16.50 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group raised Capstone Copper from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$15.00 to C$18.00 in a report on Monday, August 31st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.17.

Capstone Copper Stock Down 6.5%

Shares of TSE CS opened at C$11.00 on Friday. The stock has a market capitalization of C$8.40 billion, a PE ratio of 17.74, a P/E/G ratio of -0.09 and a beta of 2.27. The firm has a fifty day moving average of C$14.03 and a 200-day moving average of C$13.50. Capstone Copper has a 52-week low of C$9.30 and a 52-week high of C$18.04. The company has a quick ratio of 0.98, a current ratio of 0.96 and a debt-to-equity ratio of 32.92.

Capstone Copper (TSE:CS) last posted its quarterly earnings data on Thursday, October 29th. The mining company reported C$0.17 earnings per share for the quarter. The company had revenue of C$1.01 billion during the quarter. Capstone Copper had a net margin of 11.65% and a return on equity of 9.18%. On average, analysts anticipate that Capstone Copper will post 0.85 EPS for the current year.

Insider Buying and Selling at Capstone Copper

In other Capstone Copper news, insider Cashel Aran Meagher sold 52,994 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of C$14.48, for a total transaction of C$767,353.12. Following the completion of the transaction, the insider owned 259,112 shares of the company’s stock, valued at C$3,751,941.76. This represents a 16.98% decrease in their position. 15.37% of the stock is owned by corporate insiders.

Capstone Copper Company Profile

Capstone Copper Corp. is an Americas-focused copper mining company headquartered in Vancouver, Canada. Capstone’s operating portfolio of assets includes the Pinto Valley copper mine located in Arizona, USA, the Cozamin copper-silver mine located in Zacatecas, Mexico, the Mantos Blancos copper-silver mine located in the Antofagasta region, Chile, and the Mantoverde copper-gold mine, located in the Atacama region, Chile. Capstone’s growth pipeline includes the fully permitted Santo Domingo copper-iron-gold project, located approximately 35 kilometres northeast of Mantoverde in the Atacama region, Chile, as well as a portfolio of exploration properties in the Americas.