Brokers Set Expectations for Capstone Copper FY2024 Earnings

Capstone Copper Corp. (TSE:CS) – Research analysts at Raymond James dropped their FY2024 earnings estimates for shares of Capstone Copper in a research report issued on Monday, November 25th. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings of $0.17 per share for the year, down from their previous estimate of $0.18. Raymond James currently has a “Outperform” rating and a $12.00 target price on the stock. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share. Raymond James also issued estimates for Capstone Copper’s Q4 2024 earnings at $0.10 EPS, Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.21 EPS and FY2025 earnings at $0.78 EPS.

Capstone Copper (TSE:CS) last announced its quarterly earnings data on Thursday, October 31st. The mining company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.11 by C($0.07). Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%. The firm had revenue of C$572.14 million during the quarter, compared to the consensus estimate of C$612.00 million.

Other analysts have also issued research reports about the stock. Eight Capital boosted their target price on shares of Capstone Copper from C$14.00 to C$15.00 in a research note on Friday. TD Securities boosted their price objective on shares of Capstone Copper from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Canaccord Genuity Group dropped their price objective on shares of Capstone Copper from C$14.00 to C$12.50 in a research note on Monday. Scotiabank lifted their target price on Capstone Copper from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Finally, CIBC increased their price target on Capstone Copper from C$12.00 to C$12.50 in a research report on Monday. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Capstone Copper has a consensus rating of “Buy” and an average target price of C$12.84.

Capstone Copper Price Performance

Shares of TSE CS opened at C$9.84 on Tuesday. The business has a 50 day simple moving average of C$10.15 and a 200-day simple moving average of C$9.74. Capstone Copper has a twelve month low of C$5.26 and a twelve month high of C$11.51. The company has a market capitalization of C$7.41 billion, a price-to-earnings ratio of -46.86, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 40.10.

Insider Transactions at Capstone Copper

In related news, Director Darren Murvin Pylot sold 100,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$11.05, for a total value of C$1,104,990.00. Also, Director Humberto Antonio Fernandois sold 29,906 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$9.26, for a total transaction of C$276,977.41. Over the last three months, insiders sold 974,079 shares of company stock worth $10,016,304. Company insiders own 15.37% of the company’s stock.

Capstone Copper Company Profile

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.