Capstone Copper (TSE:CS) Sets New 1-Year High – Here’s What Happened

Shares of Capstone Copper Corp. (TSE:CS) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$13.91 and last traded at C$13.83, with a volume of 350686 shares trading hands. The stock had previously closed at C$13.64.

Wall Street Analysts Forecast Growth

CS has been the topic of a number of recent research reports. Royal Bank Of Canada raised their target price on Capstone Copper from C$15.00 to C$17.00 in a report on Wednesday, December 10th. BMO Capital Markets increased their target price on shares of Capstone Copper from C$13.00 to C$14.00 in a research note on Wednesday, October 15th. Clarkson Capital cut shares of Capstone Copper from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Stifel Nicolaus increased their target price on Capstone Copper from C$12.00 to C$17.00 in a report on Tuesday, October 21st. Finally, Scotiabank lifted their price objective on Capstone Copper from C$11.50 to C$16.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.75.

Capstone Copper Price Performance

The stock has a market capitalization of C$10.55 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of -0.09 and a beta of 2.31. The company has a 50 day moving average of C$12.36 and a 200 day moving average of C$10.51. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 44.16.

Capstone Copper (TSE:CS) last posted its quarterly earnings results on Thursday, October 30th. The mining company reported C$0.32 EPS for the quarter. Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 0.74%. The business had revenue of C$833.28 million during the quarter. As a group, equities research analysts forecast that Capstone Copper Corp. will post 0.8541833 EPS for the current fiscal year.

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.