FY2024 EPS Estimates for Capstone Copper Lowered by Cormark

Capstone Copper Corp. (TSE:CS) – Stock analysts at Cormark decreased their FY2024 earnings estimates for Capstone Copper in a research report issued to clients and investors on Wednesday, January 22nd. Cormark analyst S. Ioannou now anticipates that the mining company will earn $0.23 per share for the year, down from their prior estimate of $0.31. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share. Cormark also issued estimates for Capstone Copper’s Q4 2024 earnings at $0.14 EPS and FY2025 earnings at $1.07 EPS.

Other equities analysts have also recently issued research reports about the stock. Eight Capital increased their price objective on shares of Capstone Copper from C$14.00 to C$15.00 in a research note on Friday, November 22nd. Paradigm Capital set a C$12.00 price target on shares of Capstone Copper and gave the stock a “buy” rating in a research note on Thursday, November 28th. Citigroup upgraded Capstone Copper to a “strong-buy” rating in a research note on Wednesday, December 11th. TD Securities raised their target price on Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, National Bankshares boosted their price target on Capstone Copper from C$12.75 to C$13.75 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Thirteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$12.60.

Capstone Copper Stock Performance

Shares of TSE CS opened at C$8.27 on Friday. The firm has a market capitalization of C$6.23 billion, a price-to-earnings ratio of -39.38, a PEG ratio of -0.09 and a beta of 2.14. Capstone Copper has a one year low of C$6.23 and a one year high of C$11.51. The business has a fifty day simple moving average of C$9.19 and a 200 day simple moving average of C$9.48. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 40.10.

Capstone Copper (TSE:CS) last posted its quarterly earnings results 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). 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 analyst estimates of C$612.00 million.

Insider Transactions at Capstone Copper

In other Capstone Copper news, Director Darren Murvin Pylot sold 500,000 shares of Capstone Copper stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$10.50, for a total transaction of C$5,249,450.00. Also, Director John Mackenzie sold 49,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$9.65, for a total transaction of C$473,075.40. Insiders sold a total of 843,250 shares of company stock worth $8,656,280 over the last 90 days. 15.37% of the stock is owned by insiders.

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.