Capstone Mining Corp (CS) Shares Up 5.3%

Capstone Mining Corp (TSE:CS) shot up 5.3% during mid-day trading on Wednesday . The company traded as high as C$1.38 and last traded at C$1.38. 628,126 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 1,027,450 shares. The stock had previously closed at C$1.31.

A number of brokerages recently issued reports on CS. CIBC reissued an “outperform” rating and issued a C$2.00 target price on shares of Capstone Mining Corp in a research report on Friday, September 15th. Eight Capital reissued a “buy” rating on shares of Capstone Mining Corp in a research report on Thursday, August 17th. Scotiabank reissued an “outperform” rating and issued a C$1.50 target price on shares of Capstone Mining Corp in a research report on Thursday, July 13th. National Bank Financial lifted their target price on Capstone Mining Corp from C$1.45 to C$1.60 and gave the company a “sector perform” rating in a research report on Tuesday, August 1st. Finally, BMO Capital Markets dropped their target price on Capstone Mining Corp from C$2.00 to C$1.80 and set an “outperform” rating on the stock in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Capstone Mining Corp currently has a consensus rating of “Buy” and a consensus target price of C$1.61.

The firm has a 50-day moving average of $1.29 and a 200-day moving average of $1.12. The company’s market cap is $532.18 million.

In related news, Director Manuel Arturo Estrada sold 23,958 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of C$1.46, for a total transaction of C$34,978.68. Also, insider Grm Investments Ltd. purchased 500,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were acquired at an average cost of C$0.81 per share, with a total value of C$405,000.00.

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About Capstone Mining Corp

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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