Cormark Analysts Boost Earnings Estimates for Capstone Mining Corp (CS)
Capstone Mining Corp (TSE:CS) – Investment analysts at Cormark upped their FY2017 EPS estimates for Capstone Mining Corp in a research report issued to clients and investors on Monday. Cormark analyst S. Ioannou now anticipates that the mining company will earn $0.23 per share for the year, up from their previous estimate of $0.13. Cormark also issued estimates for Capstone Mining Corp’s Q4 2017 earnings at $0.15 EPS and FY2018 earnings at $0.17 EPS.
Several other research firms have also recently weighed in on CS. CIBC reiterated an “outperform” rating and issued a C$2.00 price target on shares of Capstone Mining Corp in a report on Friday, September 15th. BMO Capital Markets restated an “outperform” rating and set a C$2.00 target price on shares of Capstone Mining Corp in a report on Thursday, July 13th. Scotiabank restated an “outperform” rating and set a C$1.50 target price on shares of Capstone Mining Corp in a report on Tuesday, August 1st. Eight Capital upped their price target on shares of Capstone Mining Corp from C$1.50 to C$1.90 in a research report on Thursday, October 12th. Finally, National Bank Financial upped their price target on shares of Capstone Mining Corp from C$1.45 to C$1.60 and gave the stock a “sector perform” rating in a research report on Tuesday, August 1st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Capstone Mining Corp has an average rating of “Buy” and a consensus target price of C$1.86.
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Shares of Capstone Mining Corp (TSE CS) opened at 1.47 on Wednesday. The company’s 50-day moving average is $1.43 and its 200 day moving average is $1.14. Capstone Mining Corp has a 1-year low of $0.77 and a 1-year high of $1.81. The firm’s market cap is $575.23 million.
In related news, Director Manuel Arturo Estrada sold 23,958 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of C$1.46, for a total value of C$34,978.68.
Capstone Mining Corp Company Profile
Capstone Mining Corp. is a Canada-based mining company. The Company is engaged in the production of and exploration for base metals in the United States, Mexico, Canada and Chile, with a focus on copper. The Company’s segments include individual mining operations of Pinto Valley (the United States), Cozamin (Mexico), Minto (Canada), Santo Domingo development project (Chile) and other.
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