Capstone Copper (TSE:CS) Stock Price Expected to Rise, National Bank Financial Analyst Says

Capstone Copper (TSE:CSGet Free Report) had its target price increased by equities research analysts at National Bank Financial from C$14.00 to C$16.50 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. National Bank Financial’s target price would suggest a potential upside of 23.69% from the company’s current price.

Other research analysts also recently issued reports about the stock. TD lowered 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 research report on Friday, April 10th. Scotiabank increased their target price 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. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$16.25.

Get Our Latest Stock Analysis on Capstone Copper

Capstone Copper Stock Up 5.7%

TSE CS traded up C$0.72 during trading on Tuesday, reaching C$13.34. 1,376,953 shares of the company’s stock were exchanged, compared to its average volume of 4,744,080. Capstone Copper has a fifty-two week low of C$7.05 and a fifty-two week high of C$18.04. The firm has a market capitalization of C$10.19 billion, a PE ratio of 24.25, a P/E/G ratio of -0.09 and a beta of 2.20. The company has a current ratio of 1.35, a quick ratio of 0.98 and a debt-to-equity ratio of 45.85. The company’s fifty day simple moving average is C$13.58 and its 200-day simple moving average is C$13.26.

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

Insider Buying and Selling at Capstone Copper

In other news, Director John Mackenzie sold 816,200 shares of Capstone Copper 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 completion of the sale, the director directly owned 7,000,000 shares in the company, valued at C$91,630,000. The trade was a 10.44% decrease in their position. 15.37% of the stock is owned by company 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.

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Analyst Recommendations for Capstone Copper (TSE:CS)

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