Capstone Copper (TSE:CS) Sets New 52-Week Low – Time to Sell?

Capstone Copper Corp. (TSE:CS)’s stock price reached a new 52-week low on Monday . The stock traded as low as C$7.28 and last traded at C$7.29, with a volume of 619968 shares traded. The stock had previously closed at C$7.84.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CS shares. Eight Capital upped their price objective on shares of Capstone Copper from C$14.00 to C$15.00 in a research note on Friday, November 22nd. Paradigm Capital set a C$12.00 price target on Capstone Copper and gave the company a “buy” rating in a research report on Thursday, November 28th. National Bankshares reduced their price objective on Capstone Copper from C$11.50 to C$11.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. CIBC boosted their price objective on Capstone Copper from C$12.00 to C$12.50 in a research note on Monday, November 25th. Finally, Citigroup raised Capstone Copper to a “strong-buy” rating in a research note on Wednesday, December 11th. Thirteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Capstone Copper presently has a consensus rating of “Buy” and an average target price of C$12.38.

Capstone Copper Trading Down 10.7 %

The company’s 50 day simple moving average is C$8.50 and its two-hundred day simple moving average is C$9.28. The company has a market cap of C$3.74 billion, a PE ratio of -179.20, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. The company has a debt-to-equity ratio of 44.16, a current ratio of 0.94 and a quick ratio of 0.98.

Insider Buying and Selling

In related news, Director John Mackenzie sold 49,000 shares of Capstone Copper stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$9.65, for a total value of C$473,075.40. 15.37% of the stock is currently owned by corporate insiders.

About Capstone Copper

Capstone Copper Corp is a company that mines, explores, and develops mineral properties in the Americas. Specifically, the group has operating mines in the US, Mexico, and Canada, and development projects in Chile and Canada. Capstone’s main focus is copper, but the company also produces zinc, lead, molybdenum, silver, and gold.