Capstone Copper (TSE:CS) Shares Down 6% – Here’s What Happened

Capstone Copper Corp. (TSE:CS)’s share price traded down 6% during mid-day trading on Wednesday . The stock traded as low as C$14.29 and last traded at C$14.91. 4,852,898 shares traded hands during trading, a decline of 8% from the average session volume of 5,264,132 shares. The stock had previously closed at C$15.86.

Analyst Ratings Changes

CS has been the topic of a number of recent analyst reports. TD Securities increased their price target on Capstone Copper from C$10.00 to C$14.00 in a research note on Tuesday, October 21st. Scotiabank upped their price objective on shares of Capstone Copper from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Desjardins lowered their target price on shares of Capstone Copper from C$18.50 to C$18.00 and set a “buy” rating for the company in a report on Monday, January 26th. Stifel Nicolaus increased their price target on shares of Capstone Copper from C$17.00 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Royal Bank Of Canada upped their price objective on Capstone Copper from C$15.00 to C$17.00 in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Capstone Copper currently has a consensus rating of “Buy” and an average price target of C$16.89.

Capstone Copper Stock Performance

The company has a debt-to-equity ratio of 44.16, a quick ratio of 0.98 and a current ratio of 0.94. The stock’s 50-day simple moving average is C$14.48 and its two-hundred day simple moving average is C$12.26. The stock has a market cap of C$10.82 billion, a price-to-earnings ratio of 34.56, a price-to-earnings-growth ratio of -0.09 and a beta of 2.34.

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.