Capstone Copper (TSE:CS) Stock Lifted to Hold by Barclays

Barclays upgraded shares of Capstone Copper (TSE:CS) to a hold rating in a research report sent to investors on Wednesday,Zacks reports.

Several other research analysts have also recently issued reports on CS. Desjardins set a C$16.00 price objective on Capstone Copper and gave the stock a “hold” rating in a research note on Tuesday, September 22nd. The Goldman Sachs Group raised Capstone Copper from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$15.00 to C$18.00 in a report on Monday, August 31st. Citigroup upgraded Capstone Copper to a “strong-buy” rating in a research report on Tuesday, August 11th. Stifel Nicolaus upped their target price on 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. Finally, Raymond James Financial increased their price target on shares of 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 issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$17.15.

Capstone Copper Stock Performance

Shares of CS stock opened at C$12.66 on Wednesday. The firm has a market capitalization of C$9.67 billion, a price-to-earnings 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 current ratio of 1.24 and a quick ratio of 0.98. The business has a fifty day moving average of C$14.82 and a 200 day moving average of C$13.66. Capstone Copper has a 1 year low of C$9.30 and a 1 year high of C$18.04.

Capstone Copper (TSE:CS) last issued its quarterly earnings results on Thursday, July 30th. The mining company reported C$0.19 EPS for the quarter. The company 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, research analysts expect that Capstone Copper will post 0.85 earnings per share for the current year.

Insider Activity

In related news, insider Cashel Aran Meagher sold 52,994 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of C$14.48, for a total transaction of C$767,353.12. Following the completion of the transaction, the insider owned 259,112 shares of the company’s stock, valued at C$3,751,941.76. This trade represents a 16.98% decrease in their ownership of the stock. 15.37% of the stock is currently owned by company insiders.

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.