Capstone Copper (TSE:CS) Stock Price Down 4.1%

Shares of Capstone Copper Corp. (TSE:CSGet Free Report) were down 4.1% during trading on Tuesday . The stock traded as low as C$9.50 and last traded at C$9.53. Approximately 129,093 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 2,132,185 shares. The stock had previously closed at C$9.94.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CS. Stifel Canada reaffirmed a “buy” rating on shares of Capstone Copper in a research report on Monday, March 25th. CIBC boosted their price objective on Capstone Copper from C$10.50 to C$12.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Royal Bank of Canada lifted their target price on Capstone Copper from C$9.00 to C$12.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Canaccord Genuity Group boosted their price objective on Capstone Copper from C$13.00 to C$14.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Finally, Jefferies Financial Group set a C$13.00 target price on Capstone Copper and gave the stock a “buy” rating in a research report on Friday, May 3rd. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$11.95.

Read Our Latest Analysis on Capstone Copper

Capstone Copper Trading Down 5.7 %

The stock has a market capitalization of C$7.05 billion, a price-to-earnings ratio of -44.43, a P/E/G ratio of -0.09 and a beta of 2.34. The company has a debt-to-equity ratio of 37.44, a quick ratio of 0.98 and a current ratio of 1.03. The firm has a fifty day moving average of C$9.83 and a 200-day moving average of C$8.09.

Capstone Copper (TSE:CSGet Free Report) last issued its earnings results on Thursday, May 2nd. The mining company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$458.23 million during the quarter, compared to the consensus estimate of C$461.99 million. Capstone Copper had a negative return on equity of 3.13% and a negative net margin of 6.41%. As a group, equities analysts predict that Capstone Copper Corp. will post 0.3624779 earnings per share for the current fiscal year.

Insider Buying and Selling at Capstone Copper

In related news, Director Darren Murvin Pylot sold 100,000 shares of Capstone Copper stock in a transaction on Friday, May 10th. The shares were sold at an average price of C$10.75, for a total value of C$1,075,460.00. In other Capstone Copper news, Director Darren Murvin Pylot sold 100,000 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of C$10.75, for a total value of C$1,075,460.00. Also, Director John Mackenzie sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of C$10.30, for a total transaction of C$515,125.00. Company insiders own 15.89% of the company’s stock.

About Capstone Copper

(Get Free Report)

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.

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