Capstone Copper (TSE:CS) Announces Quarterly Earnings Results

Capstone Copper (TSE:CS – Get Free Report) issued its quarterly earnings results on Thursday. The mining company reported C$0.19 earnings per share for the quarter, reports. Capstone Copper had a return on equity of 12.69% and a net margin of 17.04%.The company had revenue of C$1.05 billion for the quarter.

Capstone Copper Stock Up 3.5%

Shares of TSE:CS traded up C$0.45 during midday trading on Thursday, hitting C$13.25. 3,593,572 shares of the company’s stock traded hands, compared to its average volume of 4,592,144. The firm’s fifty day moving average price is C$13.62 and its two-hundred day moving average price is C$13.18. The company has a debt-to-equity ratio of 45.85, a quick ratio of 0.98 and a current ratio of 1.35. Capstone Copper has a twelve month low of C$7.45 and a twelve month high of C$18.04. The company has a market cap of C$10.12 billion, a PE ratio of 24.09, a P/E/G ratio of -0.09 and a beta of 2.20.

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Insider Transactions at Capstone Copper

In related news, Director John Mackenzie sold 816,200 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of C$13.09, for a total transaction of C$10,684,058.00. Following the sale, 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 position. Corporate insiders own 15.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Scotiabank increased 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. National Bank Financial upped their price objective on shares of Capstone Copper from C$14.00 to C$16.50 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. TD cut their price objective on shares of Capstone Copper from C$17.00 to C$16.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Finally, Stifel Nicolaus raised 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 research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Capstone Copper presently has an average rating of “Moderate Buy” and a consensus price target of C$16.35.

View Our Latest Analysis on CS

Capstone Copper Company Profile

(Get Free Report)

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.

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