Capstone Copper (OTCMKTS:CSCCF) Stock Jumps 1% – Here’s What Happened

Capstone Copper Corp. (OTCMKTS:CSCCF) shares rose 1% during trading on Friday. The company traded as high as C$7.81 and last traded at C$7.78. 191,854 shares were traded during trading, a decline of 53% from the average session volume of 411,780 shares. The stock had previously closed at C$7.70.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CSCCF shares. Scotiabank reaffirmed an “outperform” rating on shares of Capstone Copper in a report on Monday, August 3rd. Bradesco Corretora downgraded shares of Capstone Copper to a “neutral” rating in a report on Wednesday, September 2nd. Citigroup reaffirmed a “buy” rating on shares of Capstone Copper in a report on Wednesday, August 12th. The Goldman Sachs Group upgraded shares of Capstone Copper to a “buy” rating in a research report on Monday, August 31st. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Capstone Copper in a research note on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Capstone Copper Stock Performance

The company has a 50 day simple moving average of C$9.60 and a 200-day simple moving average of C$9.66.

About Capstone Copper

Capstone Copper is a Canadian mining company focused on producing copper, a metal used in construction, power generation and other industries. Its operations also produce byproducts including gold, silver and molybdenum.

The company operates the Pinto Valley mine in Arizona, the Cozamin mine in Mexico, and the Mantoverde and Mantos Blancos mines in Chile. It is also advancing the Santo Domingo copper-iron development project in Chile.

Capstone Copper was formed in 2022 through the combination of Capstone Mining and Mantos Copper.