Raymond James Forecasts Capstone Copper FY2024 Earnings

Capstone Copper Corp. (TSE:CS) – Equities research analysts at Raymond James reduced their FY2024 earnings per share estimates for Capstone Copper in a report issued on Monday, November 25th. Raymond James analyst F. Hamed now forecasts that the mining company will earn $0.17 per share for the year, down from their prior estimate of $0.18. Raymond James has a “Outperform” rating and a $12.00 price target 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.

A number of other equities research analysts also recently commented on the company. National Bankshares upped their price objective on Capstone Copper from C$12.75 to C$13.75 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Royal Bank of Canada decreased their target price on Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Eight Capital boosted their target price on Capstone Copper from C$14.00 to C$15.00 in a research note on Friday, November 22nd. CIBC boosted their target price on Capstone Copper from C$12.00 to C$12.50 in a research note on Monday. Finally, Canaccord Genuity Group decreased their target price on Capstone Copper from C$14.00 to C$12.50 in a research note on Monday. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$12.84.

Capstone Copper Trading Down 2.2 %

TSE CS opened at C$9.62 on Tuesday. The stock has a 50-day simple moving average of C$10.17 and a 200 day simple moving average of C$9.73. The company has a market capitalization of C$7.24 billion, a PE ratio of -46.10, a P/E/G 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. Capstone Copper has a 12 month low of C$5.26 and a 12 month high of C$11.51.

Capstone Copper (TSE:CS) last released its quarterly earnings data on Thursday, October 31st. The mining company reported C$0.04 EPS 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 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 Transactions at Capstone Copper

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