Capstone Copper (TSE:CS) Upgraded at Citigroup

Citigroup upgraded shares of Capstone Copper (TSE:CS) to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Eight Capital lifted their price objective on Capstone Copper from C$14.00 to C$15.00 in a research note on Friday, November 22nd. Scotiabank boosted their target price on Capstone Copper from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. CIBC increased their price target on shares of Capstone Copper from C$12.00 to C$12.50 in a research report on Monday, November 25th. Canaccord Genuity Group decreased their price objective on shares of Capstone Copper from C$14.00 to C$12.50 in a report on Monday, November 25th. Finally, Raymond James set a C$12.00 target price on shares of Capstone Copper and gave the company an “outperform” rating in a research note on Tuesday, September 3rd. Thirteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Capstone Copper presently has a consensus rating of “Buy” and a consensus target price of C$12.77.

Capstone Copper Price Performance

CS opened at C$8.95 on Wednesday. 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 stock has a market capitalization of C$6.74 billion, a P/E ratio of -42.62, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. The company’s 50 day simple moving average is C$9.97 and its 200-day simple moving average is C$9.62. Capstone Copper has a one year low of C$5.97 and a one year high of C$11.51.

Capstone Copper (TSE:CS) last issued its quarterly 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 firm had revenue of C$572.14 million for the quarter, compared to analyst estimates of C$612.00 million. Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%. Sell-side analysts anticipate that Capstone Copper will post 0.8541833 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Humberto Antonio Fernandois sold 29,906 shares of Capstone Copper stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$9.26, for a total transaction of C$276,977.41. Also, Director Darren Murvin Pylot sold 500,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$10.50, for a total value of C$5,249,450.00. In the last 90 days, insiders sold 1,257,110 shares of company stock valued at $12,866,429. 15.37% of the stock is owned by 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.