Key Points
- Director John Mackenzie sold 816,200 shares of Capstone Copper on May 12 at an average price of C$13.09, for proceeds of about C$10.68 million. After the sale, he still held 7 million shares, though his stake fell by 10.44%.
- This followed another large insider sale the previous day, when Mackenzie sold 183,800 additional shares at an average price of C$13.13, worth about C$2.41 million.
- Analysts remain moderately positive on the stock, with a consensus rating of “Moderate Buy” and an average price target of C$16.00, despite some recent target cuts and downgrades.
Capstone Copper Corp. (TSE:CS - Get Free Report) Director John Mackenzie sold 183,800 shares of the business's stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$13.13, for a total transaction of C$2,413,294.00. Following the sale, the director directly owned 7,816,200 shares of the company's stock, valued at approximately C$102,626,706. The trade was a 2.30% decrease in their position.
John Mackenzie also recently made the following trade(s):
- On Tuesday, May 12th, John Mackenzie sold 816,200 shares of Capstone Copper stock. The shares were sold at an average price of C$13.09, for a total transaction of C$10,684,058.00.
Capstone Copper Trading Down 8.0%
Shares of CS stock opened at C$12.84 on Friday. Capstone Copper Corp. has a 1 year low of C$6.43 and a 1 year high of C$18.04. The firm has a fifty day moving average price of C$11.52 and a 200-day moving average price of C$12.85. The company has a debt-to-equity ratio of 45.85, a current ratio of 1.35 and a quick ratio of 0.98. The company has a market cap of C$9.81 billion, a price-to-earnings ratio of 23.35, a PEG ratio of -0.09 and a beta of 2.18.
Capstone Copper (TSE:CS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The mining company reported C$0.17 earnings per share (EPS) for the quarter. Capstone Copper had a net margin of 17.04% and a return on equity of 12.69%. The firm had revenue of C$907.15 million during the quarter. As a group, equities analysts predict that Capstone Copper Corp. will post 0.8541833 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on CS shares. Clarkson Capital raised shares of Capstone Copper from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 22nd. Stifel Nicolaus upped their target price on shares of Capstone Copper from C$17.00 to C$20.00 and gave the stock a "buy" rating in a report on Wednesday, February 11th. Desjardins downgraded shares of Capstone Copper from a "buy" rating to a "hold" rating and dropped their target price for the stock from C$18.00 to C$16.00 in a report on Wednesday, February 18th. Canadian Imperial Bank of Commerce downgraded shares of Capstone Copper from an "outperform" rating to a "hold" rating and dropped their target price for the stock from C$20.00 to C$16.00 in a report on Thursday, February 19th. Finally, National Bank Financial dropped their target price on shares of Capstone Copper from C$15.00 to C$14.00 and set an "outperform" rating for the company in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$16.00.
Get Our Latest Stock Analysis on Capstone Copper
About Capstone Copper
(
Get Free Report)
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.
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