Capstone Copper (TSE:CS) Sets New 12-Month High – Here’s Why

Capstone Copper Corp. (TSE:CS) shares reached a new 52-week high on Tuesday . The company traded as high as C$13.86 and last traded at C$13.70, with a volume of 4109285 shares trading hands. The stock had previously closed at C$13.47.

Analyst Ratings Changes

A number of brokerages have weighed in on CS. Jefferies Financial Group set a C$15.00 price objective on Capstone Copper in a research note on Monday, October 6th. CIBC upped their target price on shares of Capstone Copper from C$11.50 to C$16.50 in a research note on Friday, October 10th. TD Securities boosted their price objective on Capstone Copper from C$10.00 to C$14.00 in a report on Tuesday, October 21st. Clarkson Capital cut Capstone Copper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, Stifel Nicolaus lifted their target price on Capstone Copper from C$12.00 to C$17.00 in a research report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$15.75.

Capstone Copper Stock Performance

The company has a debt-to-equity ratio of 44.16, a quick ratio of 0.98 and a current ratio of 0.94. The stock has a 50 day moving average of C$12.18 and a 200 day moving average of C$10.31. The stock has a market capitalization of C$10.46 billion, a P/E ratio of 33.41, a P/E/G ratio of -0.09 and a beta of 2.31.

Capstone Copper (TSE:CS) last posted its earnings results on Thursday, October 30th. The mining company reported C$0.32 earnings per share (EPS) for the quarter. The company had revenue of C$833.28 million for the quarter. Capstone Copper had a negative return on equity of 0.74% and a negative net margin of 1.47%. Equities analysts predict that Capstone Copper Corp. will post 0.8541833 EPS for the current year.

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.