Capstone Copper (TSE:CS) Reaches New 52-Week High – Here’s What Happened

Capstone Copper Corp. (TSE:CS)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$16.16 and last traded at C$16.03, with a volume of 1322468 shares changing hands. The stock had previously closed at C$15.37.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CS. National Bankshares boosted their target price on shares of Capstone Copper from C$15.00 to C$16.50 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. Clarkson Capital upgraded Capstone Copper from a “hold” rating to a “strong-buy” rating in a research report on Thursday. TD Securities upped their target price on Capstone Copper from C$10.00 to C$14.00 in a report on Tuesday, October 21st. Royal Bank Of Canada lifted their price target on Capstone Copper from C$15.00 to C$17.00 in a research note on Wednesday, December 10th. Finally, Jefferies Financial Group set a C$15.00 price target on Capstone Copper in a report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$16.22.

Capstone Copper Trading Up 1.3%

The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 44.16. The company has a market cap of C$11.89 billion, a PE ratio of 37.98, a PEG ratio of -0.09 and a beta of 2.60. The stock has a 50 day moving average price of C$13.21 and a 200 day moving average price of C$11.32.

Capstone Copper (TSE:CS) last issued its quarterly earnings results on Thursday, October 30th. The mining company reported C$0.32 earnings per share for the quarter. Capstone Copper had a negative return on equity of 0.74% and a negative net margin of 1.47%.The company had revenue of C$833.28 million for the quarter. Sell-side analysts predict that Capstone Copper Corp. will post 0.8541833 EPS for the current fiscal year.

About Capstone Copper

Capstone Copper Corp is a company that mines, explores, and develops mineral properties in the Americas. Specifically, the group has operating mines in the US, Mexico, and Canada, and development projects in Chile and Canada. Capstone’s main focus is copper, but the company also produces zinc, lead, molybdenum, silver, and gold.