01:27:04 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Capstone Copper Corp
Symbol CS
Shares Issued 753,405,075
Close 2024-04-17 C$ 9.51
Market Cap C$ 7,164,882,263
Recent Sedar Documents

Globe says Capstone Copper maintained at "buy"

2024-04-18 07:21 ET - In the News

The Globe and Mail reports in its Thursday, April 18, edition that after a "sluggish" start to 2024 for the base metals sector as "commodity markets grappled with mixed fundamental economic data, shifting sentiment, and the typical seasonal slowdown given the Chinese Lunar Week holiday in February," Canaccord Genuity analyst Dalton Baretto thinks commodity-specific fundamentals "appear to have finally become the primary driver of price formation, with the various commodity prices each starting to reflect their specific supply-demand fundamentals." The Globe's David Leeder writes that Capstone Copper is a top pick for Mr. Baretto. He continues to rate the shares "buy." Mr. Baretto gave his share target a $3.50 boost to $13. Analysts on average target the shares at $11.43. Mr. Baretto says in a note, "We believe the ramp up of the MVDP project coupled with emerging clarity on the rest of the growth pipeline and the new ASX listing will result in a rerating of the shares." The Globe reported on July 19 that Mr. Baretto had reaffirmed his "buy" recommendation for Capstone, which was then worth $6.44. The Globe reported on April 10 that Scotia Capital rated Capstone "sector outperform." It was then worth $9.35.

© 2024 Canjex Publishing Ltd. All rights reserved.