Trade Report: The Scotiabank Boosts Capstone Mining Corp (CS) Price Target to C$1.10

The Scotiabank Boosts Capstone Mining Corp (CS) Price Target to C$1.10

Capstone Mining Corp (TSE:CS) had its price target increased by equities research analysts at Scotiabank from C$1.05 to C$1.10 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the mining company’s stock. Scotiabank’s price target suggests a potential upside of 57.14% from the company’s current price.

Several other research firms also recently weighed in on CS. CSFB set a C$0.80 target price on shares of Capstone Mining Corp in a research report on Thursday, June 30th. National Bank Financial boosted their target price on shares of Capstone Mining Corp from C$0.70 to C$1.25 in a research report on Monday, July 18th. TD Securities reissued a “buy” rating and set a C$1.15 target price on shares of Capstone Mining Corp in a research report on Wednesday, July 27th. Raymond James Financial Inc. dropped their target price on shares of Capstone Mining Corp from C$1.30 to C$1.20 in a research report on Thursday. Finally, Canaccord Genuity restated a “buy” rating on shares of Capstone Mining Corp in a research note on Wednesday, September 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$1.28.

Capstone Mining Corp (TSE:CS) remained flat at $0.70 during trading on Friday. 1,071,491 shares of the company’s stock were exchanged. The firm’s market cap is $270.87 million. Capstone Mining Corp has a 52 week low of $0.27 and a 52 week high of $0.97. The stock has a 50 day moving average price of $0.73 and a 200-day moving average price of $0.73.

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