Capstone Copper (OTCMKTS:CSCCF) Trading 5.2% Higher – Should You Buy?

Capstone Copper Corp. (OTCMKTS:CSCCF)’s stock price shot up 5.2% during mid-day trading on Thursday . The company traded as high as C$10.23 and last traded at C$10.16. 329,500 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 437,494 shares. The stock had previously closed at C$9.66.

Analyst Upgrades and Downgrades

CSCCF has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Capstone Copper in a research note on Friday, July 31st. Scotiabank reiterated an “outperform” rating on shares of Capstone Copper in a research report on Monday, August 3rd. Citigroup reiterated a “buy” rating on shares of Capstone Copper in a research report on Wednesday, August 12th. The Goldman Sachs Group raised shares of Capstone Copper to a “buy” rating in a research note on Monday, August 31st. Finally, Bradesco Corretora lowered shares of Capstone Copper to a “neutral” rating in a report on Wednesday, September 2nd. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Capstone Copper has an average rating of “Moderate Buy”.

Capstone Copper Stock Up 1.0%

The business’s 50 day simple moving average is C$10.43 and its 200-day simple moving average is C$9.53.

About Capstone Copper

Capstone Copper Ltd is a copper-focused exploration and development company headquartered in Vancouver, British Columbia. Established through a corporate spin-off from Capstone Mining Corp, the company is dedicated to advancing copper resources across the Americas. Capstone Copper’s portfolio comprises early- to mid-stage projects, with an initial emphasis on high-grade copper deposits in Chile and surrounding jurisdictions.

The company’s principal activities include geological exploration, resource definition, engineering studies, and environmental permitting.