Trade Report: The Raymond James Financial Inc. Lowers Capstone Mining Corp (CS) Price Target to C$1.20

The Raymond James Financial Inc. Lowers Capstone Mining Corp (CS) Price Target to C$1.20

Capstone Mining Corp (TSE:CS) had its price objective reduced by investment analysts at Raymond James Financial Inc. from C$1.30 to C$1.20 in a note issued to investors on Thursday. Raymond James Financial Inc.’s price objective indicates a potential upside of 60.00% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the company. CSFB set a C$0.80 price target on Capstone Mining Corp in a research note on Thursday, June 30th. Scotiabank boosted their price target on Capstone Mining Corp from C$1.40 to C$1.50 and gave the company an “outperform” rating in a research note on Thursday, July 14th. CIBC restated an “outperform” rating and set a C$1.20 price target on shares of Capstone Mining Corp in a research note on Wednesday, July 20th. TD Securities restated a “buy” rating and set a C$1.15 price target on shares of Capstone Mining Corp in a research note on Wednesday, July 27th. Finally, Canaccord Genuity restated a “buy” rating on shares of Capstone Mining Corp in a research note on Wednesday, September 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. Capstone Mining Corp presently has a consensus rating of “Buy” and a consensus price target of C$1.29.

Capstone Mining Corp (TSE:CS) traded down 8.00% during midday trading on Thursday, hitting $0.69. The stock had a trading volume of 878,491 shares. Capstone Mining Corp has a 52 week low of $0.27 and a 52 week high of $0.97. The stock’s 50 day moving average price is $0.74 and its 200-day moving average price is $0.73. The company’s market cap is $267.00 million.

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