Capstone Copper (TSE:CS) Trading Down 6% on Analyst Downgrade

Shares of Capstone Copper Corp. (TSE:CS) traded down 6% on Wednesday after Canadian Imperial Bank of Commerce downgraded the stock from an outperform rating to a hold rating. Canadian Imperial Bank of Commerce now has a C$16.00 price target on the stock, down from their previous price target of C$20.00. Capstone Copper traded as low as C$14.29 and last traded at C$14.91. 4,852,898 shares were traded during mid-day trading, a decline of 8% from the average session volume of 5,264,132 shares. The stock had previously closed at C$15.86.

Several other research analysts have also recently issued reports on the stock. National Bank Financial lifted their target price on shares of Capstone Copper from C$16.50 to C$19.50 in a report on Thursday, January 29th. Stifel Nicolaus raised their price target on shares of Capstone Copper from C$17.00 to C$20.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Scotiabank boosted their price objective on shares of Capstone Copper from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Clarkson Capital raised Capstone Copper from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Finally, Desjardins lowered Capstone Copper from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$18.00 to C$16.00 in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.61.

Capstone Copper Stock Up 2.0%

The firm has a market capitalization of C$10.70 billion, a price-to-earnings ratio of 34.20, a P/E/G ratio of -0.09 and a beta of 2.34. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 44.16. The company’s 50 day moving average price is C$14.52 and its 200 day moving average price is C$12.33.

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.