Q4 Earnings Forecast for Capstone Copper Issued By Cormark

Capstone Copper Corp. (TSE:CS) – Analysts at Cormark raised their Q4 2024 earnings per share (EPS) estimates for shares of Capstone Copper in a report released on Tuesday, December 3rd. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings per share of $0.24 for the quarter, up from their previous forecast of $0.23. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share. Cormark also issued estimates for Capstone Copper’s FY2025 earnings at $1.19 EPS.

CS has been the subject of several other research reports. National Bankshares increased their price objective on Capstone Copper from C$12.75 to C$13.75 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. CIBC increased their price objective on Capstone Copper from C$12.00 to C$12.50 in a report on Monday, November 25th. TD Securities increased their price objective on Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Eight Capital increased their price objective on Capstone Copper from C$14.00 to C$15.00 in a report on Friday, November 22nd. Finally, Scotiabank raised 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. Thirteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Capstone Copper currently has an average rating of “Buy” and an average price target of C$12.77.

Capstone Copper Price Performance

CS opened at C$9.50 on Wednesday. The stock’s 50 day simple moving average is C$10.17 and its 200 day simple moving average is C$9.69. The company has a debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98. Capstone Copper has a 1 year low of C$5.47 and a 1 year high of C$11.51. The firm has a market cap of C$7.15 billion, a price-to-earnings ratio of -45.24, a PEG ratio of -0.09 and a beta of 2.14.

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

Insider Buying and Selling

In other Capstone Copper news, 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. Also, Director Darren Murvin Pylot sold 283,954 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of C$9.96, for a total value of C$2,828,181.84. Insiders sold 1,224,079 shares of company stock valued at $12,525,254 over the last 90 days. Company insiders own 15.37% 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.