Citigroup Upgrades Capstone Copper (TSE:CS) to “Strong-Buy”

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

A number of other analysts have also commented on the company. Paradigm Capital set a C$12.00 target price on Capstone Copper and gave the company a “buy” rating in a research report on Thursday, November 28th. Royal Bank of Canada reduced their price objective on Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Canaccord Genuity Group lowered their target price on Capstone Copper from C$14.00 to C$12.50 in a research report on Monday, November 25th. Eight Capital lifted their price target on shares of Capstone Copper from C$14.00 to C$15.00 in a research report on Friday, November 22nd. Finally, CIBC boosted their price target on shares of Capstone Copper from C$12.00 to C$12.50 in a research note on Monday, November 25th. Thirteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$12.77.

Capstone Copper Stock Down 3.3 %

Capstone Copper stock opened at C$8.95 on Wednesday. The firm 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. 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. The firm has a 50 day moving average price of C$9.97 and a two-hundred day moving average price of C$9.62.

Capstone Copper (TSE:CS) last issued its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of C$612.00 million. Equities analysts predict that Capstone Copper will post 0.8541833 EPS for the current year.

Insiders Place Their Bets

In related news, Director Darren Murvin Pylot sold 44,250 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$9.60, for a total transaction of C$424,804.43. Also, Director Humberto Antonio Fernandois sold 29,906 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$9.26, for a total value of C$276,977.41. 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.

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.