A number of other brokerages also recently weighed in on CS. National Bank Financial raised Capstone Mining from a sector perform spec overwgt rating to an outperform spec overweight rating in a report on Thursday, January 25th. BMO Capital Markets raised their target price on Capstone Mining from C$2.20 to C$2.50 in a report on Monday, December 18th. Scotiabank set a C$2.00 target price on Capstone Mining and gave the company an outperform rating in a report on Friday, February 16th. CSFB raised their target price on Capstone Mining from C$1.25 to C$1.60 and gave the company a neutral rating in a report on Thursday, January 11th. Finally, CIBC raised their target price on Capstone Mining from C$1.90 to C$2.00 in a report on Monday, January 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Capstone Mining presently has a consensus rating of Buy and an average price target of C$2.01.
Shares of TSE:CS opened at C$1.18 on Wednesday. Capstone Mining has a 1 year low of C$0.77 and a 1 year high of C$1.62.
In other news, insider Jason Paul Howe purchased 25,000 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was bought at an average cost of C$1.35 per share, for a total transaction of C$33,750.00. Also, insider Grm Investments Ltd. purchased 4,000,000 shares of the company’s stock in a transaction dated Thursday, March 29th. The stock was purchased at an average price of C$1.33 per share, with a total value of C$5,320,000.00.
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About Capstone Mining
Capstone Mining Corp. is a Canada-based mining company. The Company is engaged in the production of and exploration for base metals in the United States, Mexico, Canada and Chile, with a focus on copper. The Company’s segments include individual mining operations of Pinto Valley (the United States), Cozamin (Mexico), Minto (Canada), Santo Domingo development project (Chile) and other.
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