Capstone Mining Corp (TSE:CS) shares fell 8.5% during mid-day trading on Thursday . The stock traded as low as C$0.64 and last traded at C$0.65. 441,831 shares traded hands during mid-day trading, an increase of 2% from the average session volume of 431,662 shares. The stock had previously closed at C$0.71.
Several brokerages have recently issued reports on CS. CIBC cut their target price on shares of Capstone Mining from C$1.80 to C$1.40 in a report on Friday, August 31st. National Bank Financial cut their target price on shares of Capstone Mining from C$1.50 to C$1.25 and set an “outperform” rating on the stock in a report on Thursday, August 2nd. Cormark cut their target price on shares of Capstone Mining from C$1.75 to C$1.50 in a report on Thursday, July 12th. Finally, Eight Capital cut their target price on shares of Capstone Mining from C$2.15 to C$1.75 in a report on Thursday, July 12th.
Capstone Mining (TSE:CS) last released its quarterly earnings results on Tuesday, July 31st. The mining company reported C$0.03 earnings per share for the quarter, beating the consensus estimate of C($0.01) by C$0.04. The business had revenue of C$130.97 million for the quarter, compared to analysts’ expectations of C$121.60 million. Capstone Mining had a net margin of 19.30% and a return on equity of 15.71%.
In related news, insider Grm Investments Ltd. purchased 2,422,000 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were acquired at an average price of C$0.94 per share, for a total transaction of C$2,276,680.00. Also, insider George Leslie Brack purchased 200,000 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The stock was bought at an average price of C$0.81 per share, for a total transaction of C$162,000.00. In the last quarter, insiders purchased 2,947,000 shares of company stock worth $2,716,680.
About Capstone Mining (TSE:CS)
Capstone Mining Corp. engages in the exploration and production of base metals in the United States, Mexico, and Canada. The company explores for copper, molybdenum, silver, zinc, lead, and gold deposits. It holds interests in the Pinto Valley, an open pit copper mine located in Arizona, the United States; the Cozamin, an underground, copper-silver mine located in the state of Zacatecas, Mexico; and the Minto, an open pit copper mine located in Yukon, Canada.
Recommended Story: What strategies should day traders use to execute a trade?
Receive News & Ratings for Capstone Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capstone Mining and related companies with MarketBeat.com's FREE daily email newsletter.