Key Points
- Insider sale: Capstone Copper insider Cashel Aran Meagher sold 52,994 shares at an average price of C$14.48, totaling C$767,353.12. The transaction reduced the insider’s position by 16.98%, leaving 259,112 shares valued at approximately C$3.75 million.
- Trading and financial performance: Shares opened at C$14.54 and were down 0.2%, with a market capitalization of C$11.11 billion. In its latest quarter, Capstone reported C$0.19 in EPS and C$1.05 billion in revenue.
- Analyst outlook: Analysts have generally turned more positive, with upgrades from Goldman Sachs and Citigroup and a consensus rating of “Buy.” The average price target is C$16.71, with several firms targeting C$18.00.
Capstone Copper Corp. (TSE:CS - Get Free Report) insider Cashel Aran Meagher sold 52,994 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of C$14.48, for a total value of C$767,353.12. Following the completion of the transaction, the insider owned 259,112 shares in the company, valued at approximately C$3,751,941.76. The trade was a 16.98% decrease in their position.
Capstone Copper Trading Down 0.2%
Shares of Capstone Copper stock opened at C$14.54 on Friday. The company has a debt-to-equity ratio of 41.76, a quick ratio of 0.98 and a current ratio of 1.24. Capstone Copper Corp. has a 52 week low of C$9.30 and a 52 week high of C$18.04. The stock has a 50 day moving average price of C$14.73 and a two-hundred day moving average price of C$13.32. The stock has a market capitalization of C$11.11 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of -0.09 and a beta of 2.21.
Capstone Copper (TSE:CS - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The mining company reported C$0.19 EPS for the quarter. Capstone Copper had a return on equity of 13.69% and a net margin of 17.67%.The firm had revenue of C$1.05 billion during the quarter. As a group, equities analysts anticipate that Capstone Copper Corp. will post 0.8541833 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. The Goldman Sachs Group upgraded shares of Capstone Copper from a "hold" rating to a "buy" rating and boosted their price target for the company from C$15.00 to C$18.00 in a research note on Monday, August 31st. National Bank Financial raised their price objective on shares of Capstone Copper from C$14.00 to C$16.50 and gave the company an "outperform" rating in a research note on Tuesday, July 14th. Desjardins set a C$16.00 price objective on shares of Capstone Copper and gave the company a "hold" rating in a report on Tuesday. Citigroup upgraded shares of Capstone Copper to a "strong-buy" rating in a report on Tuesday, August 11th. Finally, Scotiabank boosted their target price on shares of Capstone Copper from C$15.50 to C$18.00 and gave the stock a "sector outperform" rating in a research report on Monday, June 15th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$16.71.
Check Out Our Latest Research Report on CS
Capstone Copper Company Profile
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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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