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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (24358)2/3/2017 7:56:40 AM
From: Goose94Read Replies (3) of 202704
 
Capstone Mining (CS-T) BMO analyst Alex Terentiew says when mulling investing in the base metals sector, investors should focus on companies displaying good growth and improving balance sheets.

Mr. Terentiew rates Capstone Mining "outperform" ($1.50). He targets the shares at $2. Analysts on average target the shares at $1.53.

Mr. Terentiew says in a note: "The company's share price over the past couple years also suffered, in our view, due to a higher level of USD cost exposure than some of its peers, which experienced more cost relief with depreciating foreign currencies. Considering current exchange rates, we think the relative benefit will begin to move in Capstone's favour in the coming years, as the USD weakens. With Pinto Valley beginning to prove its worth, Capstone's financial position improving (CS paid $650-million cash for the mine) and its valuation at a discount to its peers, we rate the shares 'outperform.'"

Dundee Securities analyst Joseph Gallucci boosted Capstone to "buy" from "neutral" in the Eye column on April 8, 2016. He targeted the shares at 80 cents. The shares could then be had for 44.5 cents.
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