Capstone Copper (TSE:CS) Upgraded by Citigroup to Strong-Buy Rating

Capstone Copper (TSE:CS) was upgraded by equities research analysts at Citigroup to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Several other analysts also recently weighed in on CS. National Bankshares boosted their price objective on Capstone Copper from C$12.75 to C$13.75 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Eight Capital increased their price target on shares of Capstone Copper from C$14.00 to C$15.00 in a research report on Friday, November 22nd. TD Securities raised their price target on shares of Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Royal Bank of Canada dropped their target price on shares of Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Finally, Paradigm Capital set a C$12.00 price target on Capstone Copper and gave the company a “buy” rating in a report on Thursday, November 28th. Thirteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$12.77.

Capstone Copper Price Performance

CS stock opened at C$8.95 on Wednesday. The firm has a market cap of C$6.74 billion, a P/E ratio of -42.62, a P/E/G ratio of -0.09 and a beta of 2.14. The firm’s fifty day moving average is C$9.97 and its 200 day moving average is C$9.62. Capstone Copper has a 52 week low of C$5.97 and a 52 week high of C$11.51. The company has a debt-to-equity ratio of 40.10, a quick ratio of 0.98 and a current ratio of 0.94.

Capstone Copper (TSE:CS) last announced its quarterly earnings data on Thursday, October 31st. The mining company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%. The company had revenue of C$572.14 million for the quarter, compared to the consensus estimate of C$612.00 million. Research analysts predict that Capstone Copper will post 0.8541833 earnings per share for the current year.

Insider Activity

In other Capstone Copper news, Director John Mackenzie sold 49,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$9.65, for a total transaction of C$473,075.40. Also, Director Darren Murvin Pylot sold 100,000 shares of Capstone Copper stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$11.05, for a total transaction of C$1,104,990.00. Insiders sold a total of 1,257,110 shares of company stock worth $12,866,429 in the last quarter. 15.37% of the stock is owned by company insiders.

Capstone Copper Company Profile

Capstone Copper Corp. operates as a copper mining company in the United States, Chile, and Mexico. It primarily explores for copper, silver, zinc, and other metals. The company owns 100% interests in Pinto Valley copper mine located in the Arizona, the United States; Mantos Blancos copper-silver mine located in the Region of Antofagasta, Chile; Santo Domingo copper-iron-gold-cobalt project located in the Atacama region, Chile; and Cozamin copper-silver mine located in the Zacatecas, Mexico.