Q2 2024 Earnings Forecast for Capstone Copper Corp. Issued By Stifel Canada (TSE:CS)

Capstone Copper Corp. (TSE:CS) – Investment analysts at Stifel Canada issued their Q2 2024 EPS estimates for Capstone Copper in a research note issued to investors on Monday, July 22nd. Stifel Canada analyst M. Tapscott forecasts that the mining company will earn $0.04 per share for the quarter. The consensus estimate for Capstone Copper’s current full-year earnings is $0.36 per share.

Capstone Copper (TSE:CS) last released its quarterly earnings results on Thursday, May 2nd. The mining company reported C($0.01) earnings per share (EPS) for the quarter. Capstone Copper had a negative return on equity of 3.13% and a negative net margin of 6.41%. The company had revenue of C$458.23 million for the quarter, compared to the consensus estimate of C$461.99 million.

A number of other research analysts have also weighed in on CS. Canaccord Genuity Group boosted their target price on shares of Capstone Copper from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. TD Securities increased their price objective on Capstone Copper from C$11.00 to C$12.00 in a research report on Monday. Eight Capital raised their price target on shares of Capstone Copper from C$12.50 to C$14.00 in a research report on Thursday, July 11th. National Bankshares increased their target price on shares of Capstone Copper from C$12.00 to C$12.75 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, Scotiabank boosted their price target on Capstone Copper from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Capstone Copper has an average rating of “Buy” and an average price target of C$12.68.

Capstone Copper Price Performance

TSE CS opened at C$8.73 on Wednesday. Capstone Copper has a 1 year low of C$4.40 and a 1 year high of C$11.51. The company has a fifty day simple moving average of C$9.78 and a 200 day simple moving average of C$8.60. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 37.44. The company has a market cap of C$6.57 billion, a P/E ratio of -41.57, a P/E/G ratio of -0.09 and a beta of 2.34.

Insider Activity

In related news, Director Darren Murvin Pylot sold 100,000 shares of Capstone Copper stock in a transaction dated Friday, May 10th. The shares were sold at an average price of C$10.75, for a total transaction of C$1,075,460.00. In related news, Director Darren Murvin Pylot sold 100,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$10.75, for a total transaction of C$1,075,460.00. Also, Senior Officer Jerrold Annett sold 29,659 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$11.35, for a total value of C$336,484.32. In the last ninety days, insiders have sold 239,659 shares of company stock worth $2,514,835. Company insiders own 15.89% of the company’s stock.

About Capstone Copper

Capstone Copper Corp. operates as a copper mining company in the United States, Chile, and Mexico. It primarily explores for copper, silver, zinc, and other metals. The company owns 100% interests in Pinto Valley copper mine located in the Arizona, the United States; Mantos Blancos copper-silver mine located in the Region of Antofagasta, Chile; Santo Domingo copper-iron-gold-cobalt project located in the Atacama region, Chile; and Cozamin copper-silver mine located in the Zacatecas, Mexico.