FY2024 EPS Estimate for Capstone Copper Decreased by Analyst

Capstone Copper Corp. (TSE:CS) – Analysts at Stifel Canada lowered their FY2024 earnings estimates for Capstone Copper in a research report issued to clients and investors on Thursday, January 23rd. Stifel Canada analyst M. Tapscott now expects that the mining company will post earnings per share of $0.14 for the year, down from their prior forecast of $0.20. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share. Stifel Canada also issued estimates for Capstone Copper’s FY2027 earnings at $0.96 EPS.

Other equities analysts also recently issued reports about the company. Paradigm Capital set a C$12.00 target price on Capstone Copper and gave the company a “buy” rating in a research report on Thursday, November 28th. CIBC raised their price objective on shares of Capstone Copper from C$12.00 to C$12.50 in a report on Monday, November 25th. Citigroup raised shares of Capstone Copper to a “strong-buy” rating in a report on Wednesday, December 11th. Scotiabank decreased their price target on shares of Capstone Copper from C$12.00 to C$11.00 in a research report on Tuesday. Finally, Canaccord Genuity Group cut their price target on shares of Capstone Copper from C$14.00 to C$12.50 in a report on Monday, November 25th. Thirteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$12.60.

Capstone Copper Stock Up 0.2 %

Shares of CS opened at C$8.27 on Friday. The company has a debt-to-equity ratio of 40.10, a quick ratio of 0.98 and a current ratio of 0.94. Capstone Copper has a 52 week low of C$6.23 and a 52 week high of C$11.51. The stock 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. The stock has a fifty day moving average of C$9.19 and a 200-day moving average of C$9.48.

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

Insiders Place Their Bets

In other news, Director Darren Murvin Pylot sold 500,000 shares of the stock in a transaction dated 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 business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$9.65, for a total value of C$473,075.40. Over the last three months, insiders sold 843,250 shares of company stock worth $8,656,280. 15.37% of the stock is owned by corporate insiders.

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.