Capstone Mining (TSE:CS) Price Target Raised to C$4.00


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Capstone Mining (TSE:CS) had its price target boosted by research analysts at BMO Capital Markets from C$3.00 to C$4.00 in a note issued to investors on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 2.04% from the stock’s current price.

A number of other brokerages have also weighed in on CS. Canaccord Genuity raised their target price on shares of Capstone Mining from C$3.00 to C$3.50 in a research report on Friday, January 8th. National Bank Financial lifted their target price on shares of Capstone Mining from C$2.10 to C$3.25 and gave the stock an “outperform” rating in a research note on Wednesday, January 6th. CIBC lifted their target price on shares of Capstone Mining from C$1.90 to C$2.20 in a research note on Wednesday, December 16th. Scotiabank lifted their price target on shares of Capstone Mining from C$2.50 to C$3.00 in a research note on Monday, December 14th. Finally, TD Securities lifted their price target on shares of Capstone Mining from C$3.00 to C$3.50 and gave the company an “outperform” rating in a research note on Wednesday, January 20th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Capstone Mining currently has a consensus rating of “Buy” and a consensus price target of C$3.11.

Shares of CS traded up C$0.07 during mid-day trading on Tuesday, hitting C$3.92. 1,518,785 shares of the company’s stock were exchanged, compared to its average volume of 960,170. The company has a quick ratio of 1.14, a current ratio of 2.09 and a debt-to-equity ratio of 26.63. The firm has a market cap of C$1.58 billion and a price-to-earnings ratio of -977.50. The stock’s 50-day simple moving average is C$2.94 and its 200-day simple moving average is C$1.99. Capstone Mining has a 52 week low of C$0.33 and a 52 week high of C$4.00.

In related news, Senior Officer Jason Paul Howe sold 417,439 shares of the company’s stock in a transaction that occurred on Wednesday, December 16th. The shares were sold at an average price of C$2.05, for a total transaction of C$855,749.95. Following the sale, the insider now owns 887,591 shares of the company’s stock, valued at approximately C$1,819,561.55. Also, Director Darren Murvin Pylot sold 2,450,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 16th. The stock was sold at an average price of C$2.05, for a total transaction of C$5,022,500.00. Following the sale, the director now directly owns 2,965,218 shares in the company, valued at approximately C$6,078,696.90.

About Capstone Mining

Capstone Mining Corp. engages in the exploration and production of base metals in the United States, Mexico, Canada, and Chile. The company explores for copper, molybdenum, silver, zinc, lead, iron, and gold deposits. It holds interests in the Pinto Valley, an open pit copper mine located in Arizona, the United States; and the Cozamin, an underground, copper-silver mine located in the state of Zacatecas, Mexico.

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Analyst Recommendations for Capstone Mining (TSE:CS)

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