Capstone Copper (TSE:CS) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Capstone Copper Corp. (TSE:CS) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.21 and traded as high as C$16.23. Capstone Copper shares last traded at C$16.08, with a volume of 4,741,642 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently weighed in on CS shares. Citigroup upgraded Capstone Copper to a “strong-buy” rating in a research report on Tuesday, August 11th. National Bank Financial lifted their target price on Capstone Copper from C$14.00 to C$16.50 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. Stifel Nicolaus upped their price target on Capstone Copper from C$20.00 to C$21.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Finally, Scotiabank upped their price target on Capstone Copper from C$15.50 to C$18.00 and gave the company a “sector outperform” rating in a research note on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$16.35.

Capstone Copper Trading Up 4.4%

The firm has a market capitalization of C$12.28 billion, a price-to-earnings ratio of 25.94, a PEG ratio of -0.09 and a beta of 2.17. The business’s 50-day simple moving average is C$13.86 and its two-hundred day simple moving average is C$13.21. The company has a quick ratio of 0.98, a current ratio of 1.24 and a debt-to-equity ratio of 41.76.

Capstone Copper (TSE:CS) last released 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 business had revenue of C$1.05 billion for the quarter. Equities analysts forecast that Capstone Copper Corp. will post 0.8541833 earnings per share 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.