Barclays Upgrades Capstone Copper (TSE:CS) to Hold

Capstone Copper (TSE:CS) was upgraded by Barclays to a “hold” rating in a research note issued to investors on Wednesday, Zacks reports.

Several other equities research analysts also recently commented on CS. 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. Citigroup upgraded Capstone Copper to a “strong-buy” rating in a research report on Tuesday, August 11th. Desjardins set a C$16.00 price target on Capstone Copper and gave the stock a “hold” rating in a research note on Tuesday, September 22nd. Stifel Nicolaus boosted their price objective on Capstone Copper from C$20.00 to C$21.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, Raymond James Financial boosted their price objective on Capstone Copper from C$18.50 to C$19.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$17.15.

Capstone Copper Price Performance

Shares of TSE:CS opened at C$12.66 on Wednesday. Capstone Copper has a one year low of C$9.30 and a one year high of C$18.04. The stock has a fifty day moving average of C$14.82 and a 200-day moving average of C$13.66. The company has a market capitalization of C$9.67 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of -0.09 and a beta of 2.27. The company has a debt-to-equity ratio of 41.76, a quick ratio of 0.98 and a current ratio of 1.24.

Capstone Copper (TSE:CS) last released its quarterly earnings data on Thursday, July 30th. The mining company reported C$0.19 earnings per share 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%. As a group, equities analysts anticipate that Capstone Copper will post 0.85 EPS for the current fiscal year.

Insider Activity at Capstone Copper

In related news, insider Cashel Aran Meagher sold 52,994 shares of the firm’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of C$14.48, for a total value of C$767,353.12. Following the completion of the transaction, the insider owned 259,112 shares of the company’s stock, valued at approximately C$3,751,941.76. This trade represents a 16.98% decrease in their position. Company 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.