Capstone Copper (TSE:CS) Share Price Crosses Above Two Hundred Day Moving Average of $6.46

Capstone Copper Corp. (TSE:CS)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$6.46 and traded as high as C$9.62. Capstone Copper shares last traded at C$9.59, with a volume of 3,093,182 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CS. CIBC boosted their price target on shares of Capstone Copper from C$8.00 to C$10.50 and gave the company an “outperform” rating in a research report on Wednesday. BMO Capital Markets boosted their price target on shares of Capstone Copper from C$7.50 to C$8.00 in a research report on Friday, February 23rd. Canaccord Genuity Group boosted their price target on shares of Capstone Copper from C$9.50 to C$13.00 and gave the company a “buy” rating in a research report on Wednesday. National Bankshares boosted their price target on shares of Capstone Copper from C$8.25 to C$8.75 in a research report on Thursday, January 25th. Finally, TD Securities upped their target price on shares of Capstone Copper from C$8.50 to C$9.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$9.22.

Capstone Copper Stock Up 1.5 %

The company has a debt-to-equity ratio of 44.25, a current ratio of 1.13 and a quick ratio of 0.98. The firm has a market capitalization of C$7.26 billion, a P/E ratio of -45.95, a P/E/G ratio of -0.09 and a beta of 2.32. The company’s 50-day simple moving average is C$7.94 and its two-hundred day simple moving average is C$6.51.

Capstone Copper (TSE:CS) last announced its quarterly earnings data on Thursday, February 22nd. The mining company reported C$0.02 EPS for the quarter, meeting the consensus estimate of C$0.02. The firm had revenue of C$481.57 million for the quarter. Capstone Copper had a negative net margin of 7.56% and a negative return on equity of 3.99%. As a group, research analysts expect that Capstone Copper Corp. will post 0.3505466 earnings per share for the current year.

Insider Buying and Selling at Capstone Copper

In other Capstone Copper news, Director Darren Murvin Pylot sold 83,600 shares of Capstone Copper stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$8.14, for a total value of C$680,228.12. In other news, Director Gordon James Bell purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average cost of C$7.06 per share, for a total transaction of C$141,140.00. Also, Director Darren Murvin Pylot sold 83,600 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$8.14, for a total transaction of C$680,228.12. 17.24% of the stock is currently owned by insiders.

About Capstone Copper

Capstone Copper Corp. operates as a copper mining company in the United States, Chile, and Mexico. It primarily explores for copper, silver, zinc, and other metals. The company owns 100% interests in Pinto Valley copper mine located in the Arizona, the United States; Mantos Blancos copper-silver mine located in the Region of Antofagasta, Chile; Santo Domingo copper-iron-gold-cobalt project located in the Atacama region, Chile; and Cozamin copper-silver mine located in the Zacatecas, Mexico.