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Capstone Mining (CS) Gets a Buy Rating from Scotiabank


Capstone Mining (TSX: CS), the Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Orest Wowkodaw from Scotiabank reiterated a Buy rating, with a C$1.40 price target.

According to TipRanks.com, Wowkodaw is a 5-star analyst with an average return of 19.9% and a 52.5% success rate. Wowkodaw covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Nevsun Resources Ltd, and Taseko Mines Limited.

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Capstone Mining has an analyst consensus of Strong Buy, with a price target consensus of C$1.51, implying a 135.9% upside from current levels. In a report released yesterday, TD Securities also reiterated a Buy rating on the stock with a C$1.60 price target.

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The company has a one-year high of C$1.62 and a one-year low of C$0.64. Currently, Capstone Mining has an average volume of 380K.

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$0.64, equals to its 52-week low of C$0.64.