Capstone Copper (OTCMKTS:CSCCF) Stock Price Down 8.1% – Time to Sell?

Capstone Copper Corp. (OTCMKTS:CSCCF) dropped 8.1% on Friday . The stock traded as low as C$9.33 and last traded at C$9.35. Approximately 577,022 shares changed hands during trading, an increase of 10% from the average daily volume of 522,769 shares. The stock had previously closed at C$10.17.

Analysts Set New Price Targets

A number of research analysts have recently commented on CSCCF shares. Citigroup reiterated a “buy” rating on shares of Capstone Copper in a research note on Thursday, February 19th. Scotiabank reiterated an “outperform” rating on shares of Capstone Copper in a research note on Tuesday, April 14th. Desjardins cut Capstone Copper to a “hold” rating in a research note on Wednesday, February 18th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Capstone Copper in a research note on Friday, January 16th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Capstone Copper Stock Down 8.1%

The stock has a 50 day moving average price of C$8.39 and a 200 day moving average price of C$9.32.

About Capstone Copper

Capstone Copper Ltd is a copper-focused exploration and development company headquartered in Vancouver, British Columbia. Established through a corporate spin-off from Capstone Mining Corp, the company is dedicated to advancing copper resources across the Americas. Capstone Copper’s portfolio comprises early- to mid-stage projects, with an initial emphasis on high-grade copper deposits in Chile and surrounding jurisdictions.

The company’s principal activities include geological exploration, resource definition, engineering studies, and environmental permitting.