Raymond James Financial Issues Pessimistic Forecast for Capstone Copper (TSE:CS) Stock Price

Capstone Copper (TSE:CS) had its target price decreased by Raymond James Financial from C$17.00 to C$16.00 in a report released on Friday, BayStreet reports. The firm presently has an “outperform” rating on the mining company’s stock. Raymond James Financial‘s price objective suggests a potential upside of 44.40% from the company’s current price.

A number of other brokerages have also recently commented on CS. Citigroup upgraded shares of Capstone Copper to a “strong-buy” rating in a research note on Tuesday, August 11th. Desjardins set a C$16.00 target price on shares of Capstone Copper and gave the company a “hold” rating in a report on Tuesday, September 22nd. The Goldman Sachs Group raised shares of Capstone Copper from a “hold” rating to a “buy” rating and boosted their target price for the company from C$15.00 to C$18.00 in a report on Monday, August 31st. Barclays raised Capstone Copper to a “hold” rating in a report on Wednesday, October 14th. Finally, Stifel Nicolaus lifted their price target on Capstone Copper from C$20.00 to C$21.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$17.17.

Capstone Copper Stock Performance

Shares of CS stock traded down C$0.69 on Friday, hitting C$11.08. 2,557,274 shares of the stock were exchanged, compared to its average volume of 4,217,117. The firm’s 50 day moving average is C$14.12 and its two-hundred day moving average is C$13.51. Capstone Copper has a one year low of C$9.30 and a one year high of C$18.04. The firm has a market capitalization of C$8.46 billion, a PE ratio of 17.87, a P/E/G ratio of -0.09 and a beta of 2.27. The company has a current ratio of 1.24, a quick ratio of 0.98 and a debt-to-equity ratio of 41.76.

Capstone Copper (TSE:CS) last announced its quarterly earnings data on Thursday, October 29th. The mining company reported C$0.17 earnings per share (EPS) for the quarter. The business had revenue of C$1.01 billion for the quarter. Capstone Copper had a return on equity of 13.69% and a net margin of 17.67%. Sell-side analysts expect that Capstone Copper will post 0.85 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Cashel Aran Meagher sold 52,994 shares of Capstone Copper stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of C$14.48, for a total transaction of C$767,353.12. Following the completion of the sale, the insider owned 259,112 shares in the company, valued at approximately C$3,751,941.76. This trade represents a 16.98% decrease in their position. Company insiders own 15.37% of the company’s stock.

Capstone Copper Company Profile

Capstone Copper Corp. is an Americas-focused copper mining company headquartered in Vancouver, Canada. Capstone’s operating portfolio of assets includes the Pinto Valley copper mine located in Arizona, USA, the Cozamin copper-silver mine located in Zacatecas, Mexico, the Mantos Blancos copper-silver mine located in the Antofagasta region, Chile, and the Mantoverde copper-gold mine, located in the Atacama region, Chile. Capstone’s growth pipeline includes the fully permitted Santo Domingo copper-iron-gold project, located approximately 35 kilometres northeast of Mantoverde in the Atacama region, Chile, as well as a portfolio of exploration properties in the Americas.