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Canaccord Genuity Thinks Capstone Mining’s Stock is Going to Recover


Capstone Mining (TSX: CS), the Materials sector company, was revisited by a Wall Street analyst on October 10. Canaccord Genuity’s analyst Dalton Baretto reiterates their Buy rating on the shares, with a C$1.15 price target.

According to TipRanks.com, Baretto is a 4-star analyst with an average return of 5.3% and a 43.9% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Fortuna Silver Mines, and Hecla Mining Company.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Capstone Mining with a C$1.45 average price target, implying an 116.4% upside from current levels. In a report issued on October 10, Scotiabank also reiterated a Buy rating on the stock with a C$1.50 price target.

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Capstone Mining’s market cap is currently C$259.6M and has a P/E ratio of 3.2. The company has a Price to Book ratio of 0.25.

Capstone Mining Corp. engages in mining, exploration and development of mineral properties. It also operates mines in the US, Mexico and Canada. The company operates its business through five segments: Pinto Valley, Cozamin, Minto, Santo Domingo and Other. Capstone Mining was founded by Darren Pylot Murvin in 1987 and is headquartered in Vancouver, Canada.

The company’s shares closed on Friday at C$0.67, close to its 52-week low of C$0.64.