Insider Selling: Capstone Copper (TSE:CS) Director Sells 816,200 Shares of Stock

Capstone Copper Corp. (TSE:CS) Director John Mackenzie sold 816,200 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of C$13.09, for a total transaction of C$10,684,058.00. Following the sale, the director directly owned 7,000,000 shares in the company, valued at approximately C$91,630,000. The trade was a 10.44% decrease in their position.

John Mackenzie also recently made the following trade(s):

• On Monday, May 11th, John Mackenzie sold 183,800 shares of Capstone Copper stock. The shares were sold at an average price of C$13.13, for a total transaction of C$2,413,294.00.

Capstone Copper Stock Performance

Shares of TSE:CS traded down C$1.12 during midday trading on Friday, hitting C$12.84. The stock had a trading volume of 3,595,648 shares, compared to its average volume of 5,226,353. The company has a market capitalization of C$9.81 billion, a PE ratio of 23.35, a P/E/G ratio of -0.09 and a beta of 2.18. The stock has a 50 day moving average price of C$11.52 and a two-hundred day moving average price of C$12.85. The company has a current ratio of 1.35, a quick ratio of 0.98 and a debt-to-equity ratio of 45.85. Capstone Copper Corp. has a 1 year low of C$6.43 and a 1 year high of C$18.04.

Capstone Copper (TSE:CS) last announced its quarterly earnings results on Wednesday, April 29th. The mining company reported C$0.17 earnings per share (EPS) for the quarter. Capstone Copper had a net margin of 17.04% and a return on equity of 12.69%. The business had revenue of C$907.15 million during the quarter. As a group, equities analysts predict that Capstone Copper Corp. will post 0.8541833 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on CS shares. Stifel Nicolaus lifted their price objective on Capstone Copper from C$17.00 to C$20.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. TD cut their price objective on Capstone Copper from C$17.00 to C$16.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Desjardins cut Capstone Copper from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$18.00 to C$16.00 in a research report on Wednesday, February 18th. Clarkson Capital upgraded Capstone Copper from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Finally, National Bank Financial dropped their price objective on Capstone Copper from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$16.00.

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.