Desjardins Reiterates C$16.00 Price Target for Capstone Copper (TSE:CS)

Desjardins set a C$16.00 price target on Capstone Copper (TSE:CS) in a research note published on Tuesday morning,BayStreet reports. The brokerage currently has a hold rating on the mining company’s stock.

Several other equities research analysts have also recently weighed in on CS. Stifel Nicolaus raised their price objective on shares of Capstone Copper from C$20.00 to C$21.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. National Bank Financial upped their target price on shares of Capstone Copper from C$14.00 to C$16.50 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Raymond James Financial increased their price target on shares of Capstone Copper from C$18.50 to C$19.00 and gave the company an “outperform” rating in a research note on Friday, September 4th. Citigroup upgraded shares of Capstone Copper to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, The Goldman Sachs Group raised Capstone Copper from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$15.00 to C$18.00 in a report on Monday, August 31st. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Capstone Copper has a consensus rating of “Buy” and an average target price of C$16.71.

Capstone Copper Price Performance

Shares of CS stock opened at C$14.57 on Tuesday. Capstone Copper has a 52 week low of C$9.30 and a 52 week high of C$18.04. The stock has a market capitalization of C$11.13 billion, a PE ratio of 23.50, a PEG ratio of -0.09 and a beta of 2.21. The company has a debt-to-equity ratio of 41.76, a quick ratio of 0.98 and a current ratio of 1.24. The stock’s fifty day moving average is C$14.69 and its 200-day moving average is C$13.31.

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. The business had revenue of C$1.05 billion during the quarter. Capstone Copper had a return on equity of 13.69% and a net margin of 17.67%. Equities research analysts expect that Capstone Copper will post 0.8541833 EPS for the current fiscal 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.