Scotiabank Sticks to Its Buy Rating for Capstone Mining

By Jason Carr

Capstone Mining (TSX: CS), the Materials sector company, has received a rating update from a Wall Street analyst today. Scotiabank’s analyst Orest Wowkodaw reiterates their Buy rating on the shares, with a C$1.60 price target.

According to TipRanks.com, Wowkodaw is a top 100 analyst with an average return of 31.2% and a 58.6% success rate. Wowkodaw covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Taseko Mines Limited, and Hudbay Minerals Inc.

Capstone Mining has an analyst consensus of Moderate Buy, with a price target consensus of C$1.79.

Capstone Mining’s market cap is currently C$360M and has a P/E ratio of 0.

Capstone Mining Corp. engages in mining, exploration and development of mineral properties. It also operates mines in the US, Mexico and Canada. The firm operates its business through five segments: Pinto Valley, Cozamin, Minto, Santo Domingo and Other. The company was founded by Darren Pylot Murvin on July 17, 1987 and is headquartered in Vancouver, Canada.

The company’s shares closed last Monday at $0.94.