Capstone Copper (TSE:CS) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Capstone Copper Corp. (TSE:CS)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$13.24 and traded as high as C$14.80. Capstone Copper shares last traded at C$14.37, with a volume of 2,644,057 shares traded.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citigroup upgraded Capstone Copper to a “strong-buy” rating in a research report on Tuesday, August 11th. Raymond James Financial increased their price objective on Capstone Copper from C$18.50 to C$19.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. The Goldman Sachs Group upgraded Capstone Copper from a “hold” rating to a “buy” rating and raised their target price for the stock from C$15.00 to C$18.00 in a research note on Monday, August 31st. Scotiabank upped their price target on Capstone Copper from C$15.50 to C$18.00 and gave the company a “sector outperform” rating in a research report on Monday, June 15th. Finally, National Bank Financial increased their price target on shares of Capstone Copper from C$14.00 to C$16.50 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Capstone Copper has a consensus rating of “Buy” and a consensus target price of C$16.71.

Capstone Copper Trading Down 1.1%

The stock has a market cap of C$10.98 billion, a P/E ratio of 23.18, a PEG ratio of -0.09 and a beta of 2.21. The firm’s fifty day moving average price is C$14.40 and its two-hundred day moving average price is C$13.24. The company has a debt-to-equity ratio of 41.76, a current ratio of 1.24 and a quick ratio of 0.98.

Capstone Copper (TSE:CS) last posted its quarterly earnings data on Thursday, July 30th. The mining company reported C$0.19 earnings per share (EPS) for the quarter. Capstone Copper had a return on equity of 13.69% and a net margin of 17.67%.The company had revenue of C$1.05 billion during the quarter. As a group, equities research analysts forecast 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.