Insider Selling: Capstone Copper Corp. (TSE:CS) Director Sells 500,000 Shares of Stock

Capstone Copper Corp. (TSE:CS) Director Darren Murvin Pylot sold 500,000 shares of Capstone Copper stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$10.50, for a total transaction of C$5,249,450.00.

Darren Murvin Pylot also recently made the following trade(s):

• On Thursday, September 26th, Darren Murvin Pylot sold 100,000 shares of Capstone Copper stock. The shares were sold at an average price of C$11.05, for a total transaction of C$1,104,990.00.
• On Thursday, September 19th, Darren Murvin Pylot sold 283,954 shares of Capstone Copper stock. The stock was sold at an average price of C$9.96, for a total transaction of C$2,828,181.84.

Capstone Copper Stock Performance

The stock’s fifty day simple moving average is C$9.95 and its 200-day simple moving average is C$9.73. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10. The firm has a market cap of C$7.25 billion, a price-to-earnings ratio of -45.86, a PEG ratio of -0.09 and a beta of 2.14. Capstone Copper Corp. has a 12-month low of C$4.76 and a 12-month high of C$11.51.

Capstone Copper (TSE:CS) last issued its quarterly earnings data on Thursday, October 31st. The mining company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.11 by C($0.07). Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. The company had revenue of C$572.14 million for the quarter, compared to analysts’ expectations of C$612.00 million. On average, sell-side analysts forecast that Capstone Copper Corp. will post 0.8541833 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on CS. Stifel Nicolaus boosted their target price on shares of Capstone Copper from C$11.50 to C$12.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. TD Securities boosted their target price on shares of Capstone Copper from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Scotiabank boosted their target price on shares of Capstone Copper from C$12.00 to C$13.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. National Bankshares raised their price target on Capstone Copper from C$12.75 to C$13.75 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Finally, Canaccord Genuity Group lowered their price objective on shares of Capstone Copper from C$15.00 to C$14.00 in a research note on Monday, November 4th. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$12.84.

About Capstone Copper

Capstone Copper Corp. operates as a copper mining company in the United States, Chile, and Mexico. It primarily explores for copper, silver, zinc, and other metals. The company owns 100% interests in Pinto Valley copper mine located in the Arizona, the United States; Mantos Blancos copper-silver mine located in the Region of Antofagasta, Chile; Santo Domingo copper-iron-gold-cobalt project located in the Atacama region, Chile; and Cozamin copper-silver mine located in the Zacatecas, Mexico.