In a new note to investors on October 10, an analyst has provided a rating update for the Materials sector company, Capstone Mining (TSX: CS). Analyst Orest Wowkodaw from Scotiabank rated Capstone Mining (TSX: CS) a Buy on October 10, setting a C$1.50 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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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Capstone Mining with a C$1.51 average price target, which is 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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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$0.64, equals to its 52-week low of C$0.64.
