Capstone Mining (CS) Price Target Lowered to C$1.15 at CIBC

Share on StockTwits

Capstone Mining (TSE:CS) had its price objective decreased by equities research analysts at CIBC from C$1.40 to C$1.15 in a report released on Thursday. CIBC’s price target would suggest a potential upside of 109.09% from the stock’s current price.

Several other analysts also recently weighed in on the company. Haywood Securities raised Capstone Mining from a “hold” rating to a “buy” rating and reduced their target price for the company from C$1.20 to C$0.70 in a report on Wednesday. Eight Capital reduced their target price on Capstone Mining from C$1.50 to C$1.35 in a report on Sunday, October 14th. TD Securities reduced their target price on Capstone Mining from C$1.70 to C$1.60 and set a “buy” rating for the company in a report on Sunday, October 14th. National Bank Financial downgraded Capstone Mining from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$1.00 to C$0.85 in a report on Thursday, October 11th. Finally, Cormark reduced their target price on Capstone Mining from C$1.75 to C$1.50 in a report on Thursday, July 12th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$1.44.

Shares of Capstone Mining stock traded up C$0.06 on Thursday, hitting C$0.55. The stock had a trading volume of 641,100 shares, compared to its average volume of 456,151. Capstone Mining has a 52-week low of C$0.48 and a 52-week high of C$1.62.

Capstone Mining (TSE:CS) last posted its earnings results on Tuesday, July 31st. The mining company reported C$0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 the consensus estimate of C$121.60 million.

In related news, insider Grm Investments Ltd. acquired 2,422,000 shares of Capstone Mining stock in a transaction on Friday, August 10th. The stock was purchased at an average cost of C$0.94 per share, with a total value of C$2,276,680.00. Also, insider George Leslie Brack acquired 200,000 shares of Capstone Mining stock in a transaction on Friday, October 12th. The shares were bought at an average cost of C$0.66 per share, with a total value of C$132,000.00. Over the last ninety days, insiders have acquired 3,147,000 shares of company stock valued at $2,848,680.

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.

Read More: Risk Tolerance and Your Investment Decisions

Analyst Recommendations for Capstone Mining (TSE:CS)

Receive News & Ratings for Capstone Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capstone Mining and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply