Canadian Imperial Bank of Commerce Downgrades Capstone Copper (TSE:CS) to Neutral

Capstone Copper (TSE:CS) was downgraded by equities research analysts at Canadian Imperial Bank of Commerce from an “outperform” rating to a “neutral” rating in a research note issued to investors on Thursday,BayStreet.CA reports. They presently have a C$16.00 price objective on the mining company’s stock, down from their prior price objective of C$20.00. Canadian Imperial Bank of Commerce’s price objective suggests a potential upside of 17.73% from the stock’s current price.

A number of other research firms have also recently weighed in on CS. Clarkson Capital raised shares of Capstone Copper from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. National Bank Financial raised their price target on shares of Capstone Copper from C$16.50 to C$19.50 in a research note on Thursday, January 29th. Royal Bank Of Canada lifted their price target on Capstone Copper from C$15.00 to C$17.00 in a report on Wednesday, December 10th. Stifel Nicolaus boosted their price objective on Capstone Copper from C$17.00 to C$20.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Desjardins lowered Capstone Copper from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$18.00 to C$16.00 in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.61.

Capstone Copper Stock Performance

TSE CS traded down C$0.51 during trading hours on Thursday, hitting C$13.59. The company had a trading volume of 3,897,780 shares, compared to its average volume of 5,441,844. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 44.16. The firm has a market cap of C$10.37 billion, a P/E ratio of 33.15, a price-to-earnings-growth ratio of -0.09 and a beta of 2.34. Capstone Copper has a fifty-two week low of C$4.98 and a fifty-two week high of C$18.04. The business has a fifty day simple moving average of C$14.50 and a 200-day simple moving average of C$12.28.

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.