Stifel Nicolaus analyst Ian Parkinson maintained a Buy rating on Capstone Mining (CSFFF) on December 13 and set a price target of C$3.00. The company’s shares closed last Thursday at $2.32, equals to its 52-week high of $2.32.
According to TipRanks.com, Parkinson is a 5-star analyst with an average return of 22.6% and a 59.4% success rate. Parkinson covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Torex Gold Resources, and Kirkland Lake Gold.
Currently, the analyst consensus on Capstone Mining is a Strong Buy with an average price target of $2.10, a -5.6% downside from current levels. In a report issued on December 11, Canaccord Genuity also maintained a Buy rating on the stock with a C$3.00 price target.
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Based on Capstone Mining’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $131 million and net profit of $2.35 million. In comparison, last year the company earned revenue of $82.92 million and had a GAAP net loss of $10.57 million.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CSFFF in relation to earlier this year.
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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.
