Cormark Forecasts Capstone Copper’s FY2024 Earnings (TSE:CS)

Capstone Copper Corp. (TSE:CS) – Cormark decreased their FY2024 EPS estimates for shares of Capstone Copper in a research note issued to investors on Tuesday, November 5th. Cormark analyst S. Ioannou now forecasts that the mining company will earn $0.30 per share for the year, down from their previous estimate of $0.44. 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 $1.17 EPS.

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 the consensus estimate of C$0.11 by C($0.07). Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. The firm had revenue of C$572.14 million during the quarter, compared to analyst estimates of C$612.00 million.

A number of other equities research analysts have also recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Capstone Copper from C$11.50 to C$12.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. National Bankshares upped their price target on Capstone Copper from C$12.75 to C$13.75 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Scotiabank raised their price objective 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. Eight Capital boosted their target price on Capstone Copper from C$12.50 to C$14.00 in a report on Thursday, July 11th. Finally, Canaccord Genuity Group lowered their price target on Capstone Copper from C$15.00 to C$14.00 in a report on Monday. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Capstone Copper presently has a consensus rating of “Buy” and an average target price of C$12.84.

Capstone Copper Stock Performance

CS stock opened at C$10.57 on Thursday. The firm has a 50 day moving average of C$9.90 and a two-hundred day moving average of C$9.71. Capstone Copper has a 12 month low of C$4.40 and a 12 month high of C$11.51. The company has a market capitalization of C$7.96 billion, a price-to-earnings ratio of -50.33, a P/E/G ratio of -0.09 and a beta of 2.14. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10.

Insider Buying and Selling

In other news, Director Humberto Antonio Fernandois sold 60,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$9.25, for a total transaction of C$554,880.00. In related news, Director Darren Murvin Pylot sold 100,000 shares of the company’s 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 60,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$9.25, for a total value of C$554,880.00. Over the last quarter, insiders have sold 474,079 shares of company stock valued at $4,766,854. 15.37% of the stock is owned by company 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.