Capstone Copper (TSE:CS – Free Report) had its target price upped by Stifel Nicolaus from C$20.00 to C$21.00 in a research report released on Tuesday morning,BayStreet.CA reports. The firm currently has a buy rating on the mining company’s stock.
A number of other research analysts also recently issued reports on the company. Scotiabank boosted their price target on Capstone Copper from C$15.50 to C$18.00 and gave the company a “sector outperform” rating in a report on Monday, June 15th. TD dropped 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 note on Friday, April 10th. Finally, National Bank Financial lifted 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. One equities 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$16.35.
View Our Latest Stock Report on CS
Capstone Copper Trading Down 3.6%
Capstone Copper (TSE:CS – Get Free Report) last announced its quarterly 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%. Research analysts forecast that Capstone Copper will post 0.8541833 earnings per share for the current year.
Insiders Place Their Bets
In related news, Director John Mackenzie sold 816,200 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of C$13.09, for a total value of C$10,684,058.00. Following the completion of the transaction, 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. Insiders own 15.37% of the company’s stock.
Capstone Copper Company Profile
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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