Capstone Copper (TSE:CS) Lowered to “Neutral” Rating by Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce downgraded shares of Capstone Copper (TSE:CS) from an outperform rating to a neutral rating in a research report sent to investors on Thursday morning,BayStreet.CA reports. They currently have C$16.00 target price on the mining company’s stock, down from their prior target price of C$20.00.

A number of other equities analysts have also weighed in on the stock. 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 research note on Wednesday, February 11th. Desjardins cut Capstone Copper from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$18.00 to C$16.00 in a research report on Wednesday. Clarkson Capital upgraded Capstone Copper from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. National Bank Financial boosted their target price on Capstone Copper from C$16.50 to C$19.50 in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada upped their price target on Capstone Copper from C$15.00 to C$17.00 in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$16.61.

Capstone Copper Trading Down 2.5%

TSE:CS opened at C$13.75 on Thursday. The company has a debt-to-equity ratio of 44.16, a current ratio of 0.94 and a quick ratio of 0.98. The business’s 50-day simple moving average is C$14.50 and its 200-day simple moving average is C$12.29. Capstone Copper has a fifty-two week low of C$4.98 and a fifty-two week high of C$18.04. The stock has a market capitalization of C$10.50 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of -0.09 and a beta of 2.34.

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.