Insider Selling: Capstone Copper Corp. (TSE:CS) Director Sells 500,000 Shares of Stock

Capstone Copper Corp. (TSE:CS) Director Darren Murvin Pylot sold 500,000 shares of Capstone Copper stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$10.50, for a total transaction of C$5,249,450.00.

Darren Murvin Pylot also recently made the following trade(s):

• On Thursday, September 26th, Darren Murvin Pylot sold 100,000 shares of Capstone Copper stock. The shares were sold at an average price of C$11.05, for a total value of C$1,104,990.00.
• On Thursday, September 19th, Darren Murvin Pylot sold 283,954 shares of Capstone Copper stock. The stock was sold at an average price of C$9.96, for a total value of C$2,828,181.84.

Capstone Copper Stock Performance

TSE:CS traded down C$0.09 during mid-day trading on Tuesday, reaching C$9.91. The company’s stock had a trading volume of 3,616,226 shares, compared to its average volume of 2,234,745. The firm’s fifty day moving average price is C$9.93 and its two-hundred day moving average price is C$9.73. The stock has a market cap of C$7.46 billion, a P/E ratio of -47.62, a PEG ratio of -0.09 and a beta of 2.14. Capstone Copper Corp. has a 12-month low of C$4.46 and a 12-month high of C$11.51. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 40.10.

Capstone Copper (TSE:CS) last issued its earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share (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 the consensus estimate 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, equities analysts forecast that Capstone Copper Corp. will post 0.8541833 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Scotiabank lifted their target price on shares of Capstone Copper from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada cut their target price on Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. National Bankshares lifted their target price on Capstone Copper from C$12.75 to C$13.75 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Canaccord Genuity Group reduced their price objective on shares of Capstone Copper from C$15.00 to C$14.00 in a research report on Monday, November 4th. Finally, BMO Capital Markets boosted their target price on shares of Capstone Copper from C$11.00 to C$11.50 in a research report on Friday, August 2nd. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$12.84.

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.