Capstone Copper (TSE:CS) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Capstone Copper Corp. (TSE:CS) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.18 and traded as high as C$13.18. Capstone Copper shares last traded at C$13.11, with a volume of 4,053,415 shares traded.

Analyst Ratings Changes

Several analysts recently commented on the company. National Bank Financial upped their target price on Capstone Copper from C$14.00 to C$16.50 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Scotiabank upped their price objective on shares of 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. TD decreased their price objective on shares of Capstone Copper from C$17.00 to C$16.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Finally, Stifel Nicolaus lifted their target price on shares of Capstone Copper from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Capstone Copper presently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.35.

Capstone Copper Price Performance

The stock has a market capitalization of C$10.12 billion, a P/E ratio of 24.09, a PEG ratio of -0.09 and a beta of 2.20. The company has a debt-to-equity ratio of 45.85, a quick ratio of 0.98 and a current ratio of 1.35. The business has a fifty day simple moving average of C$13.62 and a 200-day simple moving average of C$13.18.

Capstone Copper (TSE:CS) last released its earnings results on Thursday, July 30th. The mining company reported C$0.19 earnings per share (EPS) for the quarter. The company had revenue of C$1.05 billion for the quarter. Capstone Copper had a net margin of 17.04% and a return on equity of 12.69%. Sell-side analysts expect that Capstone Copper Corp. will post 0.8541833 earnings per share for the current fiscal year.

Insider Buying and Selling at Capstone Copper

In other news, Director John Mackenzie sold 816,200 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$13.09, for a total transaction of C$10,684,058.00. Following the transaction, the director owned 7,000,000 shares of the company’s stock, valued at C$91,630,000. This represents a 10.44% decrease in their position. Corporate insiders own 15.37% of the company’s stock.

Capstone Copper Company Profile

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.