Scotiabank assumed coverage on shares of Capstone Mining (TSE:CS – Get Rating) in a research report issued to clients and investors on Thursday, TipRanks reports. The firm set a “buy” rating and a C$9.00 price target on the mining company’s stock. Scotiabank’s price objective suggests a potential upside of 22.12% from the stock’s current price.
A number of other equities analysts have also recently commented on the stock. Cormark lifted their target price on shares of Capstone Mining from C$7.00 to C$8.00 in a research report on Friday, December 3rd. Canaccord Genuity Group decreased their target price on shares of Capstone Mining from C$9.00 to C$8.00 in a research report on Monday, January 10th. BMO Capital Markets boosted their price objective on shares of Capstone Mining from C$7.00 to C$7.25 in a research report on Friday, January 21st. TD Securities boosted their price objective on shares of Capstone Mining from C$7.00 to C$7.50 and gave the company a “buy” rating in a research report on Thursday, December 2nd. Finally, CIBC boosted their price objective on shares of Capstone Mining from C$7.50 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday, March 3rd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Capstone Mining currently has an average rating of “Buy” and a consensus target price of C$7.90.
Shares of TSE CS traded down C$0.19 during mid-day trading on Thursday, reaching C$7.37. 311,278 shares of the company were exchanged, compared to its average volume of 1,597,666. Capstone Mining has a 52 week low of C$3.57 and a 52 week high of C$7.79. The company has a quick ratio of 1.27, a current ratio of 1.57 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of C$3.05 billion and a PE ratio of 10.63. The company’s 50 day moving average price is C$6.44 and its 200 day moving average price is C$5.78.
About Capstone Mining
Capstone Mining Corp. engages in the exploration and production of base metals in the United States, Mexico, Canada, and Chile. The company explores for copper, molybdenum, silver, zinc, lead, iron, and gold deposits. It holds interests in the Pinto Valley, an open pit copper mine located in Arizona, the United States; and the Cozamin, an underground, copper-silver mine located in the state of Zacatecas, Mexico.