Capstone Copper (TSE:CS) Share Price Breaks Above 200-Day Moving Average – Time to Sell?

Capstone Copper Corp. (TSE:CS – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$13.49 and traded as high as C$14.67. Capstone Copper shares last traded at C$14.36, with a volume of 2,888,500 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Citigroup raised Capstone Copper to a “strong-buy” rating in a research note on Tuesday, August 11th. Desjardins set a C$16.00 target price on Capstone Copper and gave the company a “hold” rating in a research report on Tuesday, September 22nd. National Bank Financial raised 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. Scotiabank boosted their price target on shares of 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. Finally, Raymond James Financial upped their price target on shares of Capstone Copper from C$18.50 to C$19.00 and gave the company an “outperform” rating in a research note on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Capstone Copper presently has an average rating of “Buy” and a consensus price target of C$16.86.

View Our Latest Analysis on Capstone Copper

Capstone Copper Stock Down 2.4%

The company has a 50 day simple moving average of C$14.92 and a two-hundred day simple moving average of C$13.51. The company has a quick ratio of 0.98, a current ratio of 1.24 and a debt-to-equity ratio of 41.76. The company has a market capitalization of C$10.37 billion, a P/E ratio of 21.90, a PEG ratio of -0.09 and a beta of 2.27.

Capstone Copper (TSE:CS – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The mining company reported C$0.19 earnings per share (EPS) for the quarter. The business had revenue of C$1.05 billion during the quarter. Capstone Copper had a return on equity of 13.69% and a net margin of 17.67%. As a group, equities analysts predict that Capstone Copper Corp. will post 0.8541833 EPS for the current year.

Insider Transactions at Capstone Copper

In related news, insider Cashel Aran Meagher sold 52,994 shares of the firm’s 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 completion of the sale, the insider directly owned 259,112 shares in the company, valued at C$3,751,941.76. This trade represents a 16.98% decrease in their ownership of the stock. 15.37% of the stock is currently owned by corporate insiders.

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.

Further Reading

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