Raymond James Financial Issues Positive Forecast for Capstone Copper (TSE:CS) Stock Price

Capstone Copper (TSE:CS) had its target price increased by investment analysts at Raymond James Financial from C$18.50 to C$19.00 in a research note issued on Friday, BayStreet reports. The firm presently has an “outperform” rating on the mining company’s stock. Raymond James Financial’s target price indicates a potential upside of 25.91% from the stock’s current price.

Several other brokerages also recently commented on CS. Scotiabank increased their price objective on shares of Capstone Copper from C$15.50 to C$18.00 and gave the company a “sector outperform” rating in a research report on Monday, June 15th. Stifel Nicolaus increased their price target on shares of Capstone Copper from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. National Bank Financial boosted their price objective on shares of Capstone Copper from C$14.00 to C$16.50 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Citigroup raised Capstone Copper to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, The Goldman Sachs Group raised Capstone Copper from a “hold” rating to a “buy” rating and upped their price target for the company from C$15.00 to C$18.00 in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$16.71.

Capstone Copper Stock Down 0.9%

Shares of CS traded down C$0.14 on Friday, reaching C$15.09. The stock had a trading volume of 1,059,910 shares, compared to its average volume of 4,391,358. The firm has a market capitalization of C$11.53 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of -0.09 and a beta of 2.17. The company has a 50-day simple moving average of C$14.13 and a 200-day simple moving average of C$13.20. Capstone Copper has a 12-month low of C$9.30 and a 12-month high of C$18.04. The company has a debt-to-equity ratio of 41.76, a quick ratio of 0.98 and a current ratio of 1.24.

Capstone Copper (TSE:CS) last issued its quarterly earnings results on Thursday, July 30th. The mining company reported C$0.19 earnings per share (EPS) for the quarter. Capstone Copper had a net margin of 17.67% and a return on equity of 13.69%. The company had revenue of C$1.05 billion during the quarter. Sell-side analysts predict that Capstone Copper will post 0.8541833 EPS for the current 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.