Insider Selling: Capstone Copper (TSE:CS) Director Sells C$10,684,058.00 in Stock

Capstone Copper Corp. (TSE:CSGet Free Report) Director John Mackenzie sold 816,200 shares of the stock in a transaction on 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 owned 7,000,000 shares of the company’s stock, valued at approximately C$91,630,000. This represents a 10.44% decrease in their position.

John Mackenzie also recently made the following trade(s):

  • On Monday, May 11th, John Mackenzie sold 183,800 shares of Capstone Copper stock. The stock was sold at an average price of C$13.13, for a total transaction of C$2,413,294.00.

Capstone Copper Price Performance

Shares of TSE:CS opened at C$12.84 on Monday. The stock has a market cap of C$9.81 billion, a P/E ratio of 23.35, a P/E/G ratio of -0.09 and a beta of 2.18. The firm has a fifty day moving average price of C$11.52 and a 200 day moving average price of C$12.86. The company has a debt-to-equity ratio of 45.85, a current ratio of 1.35 and a quick ratio of 0.98. Capstone Copper Corp. has a 1-year low of C$6.43 and a 1-year high of C$18.04.

Capstone Copper (TSE:CSGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The mining company reported C$0.17 earnings per share for the quarter. The firm had revenue of C$907.15 million during the quarter. Capstone Copper had a net margin of 17.04% and a return on equity of 12.69%. Sell-side analysts predict that Capstone Copper Corp. will post 0.8541833 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CS. TD decreased their price target on shares of Capstone Copper from C$17.00 to C$16.00 and set a “buy” rating for the company in a research note on Friday, April 10th. National Bank Financial decreased their price target on shares of Capstone Copper from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Desjardins cut shares of Capstone Copper from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$18.00 to C$16.00 in a research note on Wednesday, February 18th. Canadian Imperial Bank of Commerce cut shares of Capstone Copper from an “outperform” rating to a “hold” rating and decreased their price target for the stock from C$20.00 to C$16.00 in a research note on Thursday, February 19th. Finally, Clarkson Capital upgraded shares of Capstone Copper from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$16.00.

Check Out Our Latest Analysis on Capstone Copper

About Capstone Copper

(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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