Capstone Mining (CS) Sets New 12-Month Low at $0.62

Capstone Mining Corp (TSE:CS)’s share price hit a new 52-week low on Wednesday . The stock traded as low as C$0.62 and last traded at C$0.65, with a volume of 273327 shares trading hands. The stock had previously closed at C$0.66.

A number of equities analysts recently commented on the stock. CIBC lowered their price target on shares of Capstone Mining from C$1.80 to C$1.40 in a research report on Friday, August 31st. Eight Capital lowered their price target on shares of Capstone Mining from C$2.15 to C$1.75 in a research report on Thursday, July 12th. National Bank Financial lowered their price target on shares of Capstone Mining from C$1.50 to C$1.25 and set an “outperform” rating on the stock in a research report on Thursday, August 2nd. Cormark lowered their price target on shares of Capstone Mining from C$1.75 to C$1.50 in a research report on Thursday, July 12th. Finally, TD Securities lowered their price target on shares of Capstone Mining from C$1.70 to C$1.60 and set a “buy” rating on the stock in a research report on Sunday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$1.54.

Capstone Mining (TSE:CS) last announced its quarterly earnings data on Tuesday, July 31st. The mining company reported C$0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.01) by C$0.04. The firm had revenue of C$130.97 million for the quarter, compared to the consensus estimate 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 George Leslie Brack purchased 100,000 shares of Capstone Mining stock in a transaction dated Thursday, August 23rd. The shares were bought at an average cost of C$0.82 per share, for a total transaction of C$82,000.00. Also, insider Grm Investments Ltd. purchased 200,000 shares of Capstone Mining stock in a transaction dated Tuesday, August 14th. The stock was bought at an average price of C$0.88 per share, for a total transaction of C$176,000.00. Insiders have acquired 3,147,000 shares of company stock worth $2,848,680 over the last quarter.

Capstone Mining Company Profile (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.

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