Scotiabank Cuts Capstone Copper (TSE:CS) Price Target to C$11.00

Capstone Copper (TSE:CS) had its price target lowered by Scotiabank from C$12.00 to C$11.00 in a report published on Tuesday morning,BayStreet.CA reports.

Other research analysts have also issued reports about the company. CIBC upped their target price on Capstone Copper from C$12.00 to C$12.50 in a research note on Monday, November 25th. TD Securities increased their price objective on shares of Capstone Copper from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. National Bankshares increased their price target on shares of Capstone Copper from C$12.75 to C$13.75 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Paradigm Capital set a C$12.00 price objective on Capstone Copper and gave the company a “buy” rating in a report on Thursday, November 28th. Finally, Citigroup raised Capstone Copper to a “strong-buy” rating in a report on Wednesday, December 11th. Thirteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$12.60.

Capstone Copper Stock Performance

Shares of CS opened at C$8.27 on Tuesday. The company has a debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98. Capstone Copper has a one year low of C$6.23 and a one year high of C$11.51. The company’s fifty day moving average price is C$9.19 and its 200 day moving average price is C$9.48. The company has a market capitalization of C$6.23 billion, a PE ratio of -39.38, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14.

Capstone Copper (TSE:CS) last issued its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.07). Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. The business had revenue of C$572.14 million during the quarter, compared to the consensus estimate of C$612.00 million. As a group, analysts expect 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 49,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$9.65, for a total value of C$473,075.40. Also, Director Darren Murvin Pylot sold 500,000 shares of Capstone Copper stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$10.50, for a total value of C$5,249,450.00. Over the last ninety days, insiders have sold 843,250 shares of company stock worth $8,656,280. Corporate insiders own 15.37% of the company’s stock.

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.