Insider Selling: Capstone Copper Corp. (TSE:CS) Director Sells 49,000 Shares of Stock

Capstone Copper Corp. (TSE:CS) Director John Mackenzie sold 49,000 shares of Capstone Copper stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$9.65, for a total transaction of C$473,075.40.

Capstone Copper Stock Down 3.3 %

CS traded down C$0.31 on Friday, reaching C$8.95. 3,220,384 shares of the company traded hands, compared to its average volume of 2,249,448. Capstone Copper Corp. 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 current ratio of 0.94 and a quick ratio of 0.98. The company has a market cap of C$6.74 billion, a price-to-earnings ratio of -42.62, a PEG ratio of -0.09 and a beta of 2.14. The stock’s 50 day moving average price is C$9.97 and its 200-day moving average price is C$9.62.

Capstone Copper (TSE:CS) last announced 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). The business had revenue of C$572.14 million for the quarter, compared to analyst estimates of C$612.00 million. Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. On average, sell-side analysts expect that Capstone Copper Corp. will post 0.8541833 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Raymond James set a C$12.00 price target on Capstone Copper and gave the company an “outperform” rating in a research report on Tuesday, September 3rd. Paradigm Capital set a C$12.00 price target on Capstone Copper and gave the stock a “buy” rating in a research note on Thursday, November 28th. Royal Bank of Canada decreased their price target on 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. TD Securities boosted 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. Finally, National Bankshares raised their target price on shares of Capstone Copper from C$12.75 to C$13.75 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Thirteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$12.77.

About Capstone Copper

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.