Capstone Mining Receives a Buy from Scotiabank


Wall Street analyst has provided a review for the Materials company yesterday, but retained the same rating on the stock. Scotiabank’s analyst Orest Wowkodaw reiterates their Buy rating on the shares of Capstone Mining (TSX: CS), with a C$1.75 price target.

Wowkodaw has an average return of 22.1% when recommending Capstone Mining.

According to TipRanks.com, Wowkodaw is ranked #115 out of 4843 analysts.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Capstone Mining with a C$1.80 average price target, implying a 93.5% upside from current levels. In a report issued on July 12, Canaccord Genuity also reiterated a Buy rating on the stock with a C$1.40 price target.

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The company has a one-year high of C$1.62 and a one-year low of C$0.92. Currently, Capstone Mining has an average volume of 416.1K.

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 Monday at C$0.93, close to its 52-week low of C$0.92.

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