Capstone Copper upgraded to Outperform from Sector Perform at National Bank

National Bank analyst Shane Nagle upgraded Capstone Copper to Outperform from Sector Perform with a price target of C$6.50, up from C$5.50. The company’s recently completed Mantos Blancos expansion will drive production volumes higher this year and both reduction of its cathode business and more favorable sulphuric acid prices to start the year will result in an improvement in operating costs, Nagle tells investors in a research note.