Capstone Mining (CS) Reaches New 1-Year Low at $1.07

Capstone Mining (TSE:CS) shares reached a new 52-week low during trading on Wednesday . The company traded as low as C$1.07 and last traded at C$1.12, with a volume of 1281369 shares. The stock had previously closed at C$1.21.

CS has been the topic of a number of research analyst reports. Eight Capital lowered their price target on Capstone Mining from C$2.75 to C$2.30 in a report on Wednesday, April 11th. Canaccord Genuity reduced their price objective on Capstone Mining from C$1.60 to C$1.50 in a research note on Thursday, April 26th. CIBC lifted their price objective on Capstone Mining from C$1.90 to C$2.00 in a research note on Monday, January 22nd. Scotiabank set a C$1.75 price objective on Capstone Mining and gave the stock an “outperform” rating in a research note on Thursday, April 26th. Finally, BMO Capital Markets set a C$2.50 price objective on Capstone Mining and gave the stock an “outperform” rating in a research note on Wednesday, April 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of C$1.86.

Capstone Mining (TSE:CS) last released its quarterly earnings data on Tuesday, April 24th. The mining company reported C$0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.02). Capstone Mining had a return on equity of 15.71% and a net margin of 19.30%. The firm had revenue of C$131.08 million during the quarter, compared to the consensus estimate of C$166.30 million.

In related news, insider Jason Paul Howe bought 25,000 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were purchased at an average price of C$1.35 per share, with a total value of C$33,750.00. Also, insider Grm Investments Ltd. bought 4,000,000 shares of the business’s stock in a transaction dated Thursday, March 29th. The shares were bought at an average cost of C$1.33 per share, for a total transaction of C$5,320,000.00. In the last ninety days, insiders acquired 5,389,700 shares of company stock worth $6,936,802.

Capstone Mining Company Profile

Capstone Mining Corp. engages in the exploration and production of base metals in the United States, Mexico, and Canada. The company explores for copper, molybdenum, silver, zinc, lead, and gold deposits. It holds interests in the Pinto Valley, an open pit copper mine located in Arizona, the United States; the Cozamin, an underground, copper-silver mine located in the state of Zacatecas, Mexico; and the Minto, an open pit copper mine located in Yukon, Canada.

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