Capstone Mining Corp (CS) Shares Up 4.3% on Analyst Upgrade

Capstone Mining Corp (TSE:CS) shot up 4.3% on Friday after Eight Capital raised their price target on the stock from C$1.50 to C$1.90. The stock traded as high as C$1.45 and last traded at C$1.44. 851,188 shares changed hands during trading, a decline of 22% from the average session volume of 1,085,590 shares. The stock had previously closed at C$1.38.

CS has been the subject of several other reports. CIBC reiterated an “outperform” rating and set a C$2.00 price objective on shares of Capstone Mining Corp in a research report on Friday, September 15th. Scotiabank restated an “outperform” rating and issued a C$1.50 price target on shares of Capstone Mining Corp in a report on Tuesday, August 1st. National Bank Financial raised 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 report on Tuesday, August 1st. Finally, BMO Capital Markets raised their price target on shares of Capstone Mining Corp from C$1.90 to C$2.00 in a report on Tuesday, September 26th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$1.74.

In other Capstone Mining Corp news, Director Manuel Arturo Estrada sold 23,958 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of C$1.46, for a total value of C$34,978.68.

The firm’s market cap is $563.49 million. The firm’s 50-day moving average price is $1.40 and its 200-day moving average price is $1.12.

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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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