Capstone Mining (CS) Stock Rating Lowered by National Bank Financial

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Capstone Mining (TSE:CS) was downgraded by equities researchers at National Bank Financial from an “outperform” rating to a “sector perform” rating in a note issued to investors on Thursday. They currently have a C$0.85 price target on the mining company’s stock, down from their previous price target of C$1.00. National Bank Financial’s price objective would indicate a potential upside of 30.77% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. CIBC reduced their price objective on Capstone Mining from C$1.80 to C$1.40 in a research note on Friday, August 31st. Cormark reduced their price objective on Capstone Mining from C$1.75 to C$1.50 in a research note on Thursday, July 12th. Finally, Eight Capital reduced their target price on Capstone Mining from C$2.15 to C$1.75 in a report on Thursday, July 12th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of C$1.54.

CS stock remained flat at $C$0.65 on Thursday. The company had a trading volume of 653,000 shares, compared to its average volume of 441,552. Capstone Mining has a 1-year low of C$0.64 and a 1-year high of C$1.62.

Capstone Mining (TSE:CS) last issued its quarterly earnings data on Tuesday, July 31st. The mining company reported C$0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.01) by C$0.04. Capstone Mining had a return on equity of 15.71% and a net margin of 19.30%. The business had revenue of C$130.97 million during the quarter, compared to analyst estimates of C$121.60 million.

In other news, insider George Leslie Brack bought 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were acquired at an average cost of C$0.82 per share, with a total value of C$82,000.00. Also, insider Grm Investments Ltd. bought 2,422,000 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were purchased at an average cost of C$0.94 per share, for a total transaction of C$2,276,680.00. Over the last ninety days, insiders bought 2,947,000 shares of company stock worth $2,716,680.

Capstone Mining Company Profile

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

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