FY2024 EPS Estimates for Capstone Copper Lifted by Analyst

Capstone Copper Corp. (TSE:CS) – Investment analysts at Cormark boosted their FY2024 earnings per share estimates for shares of Capstone Copper in a report released on Tuesday, December 3rd. Cormark analyst S. Ioannou now expects that the mining company will post earnings per share of $0.31 for the year, up from their prior estimate of $0.30. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share.

Several other brokerages have also commented on CS. TD Securities increased their price objective on Capstone Copper from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. CIBC raised their target price on Capstone Copper from C$12.00 to C$12.50 in a research note on Monday, November 25th. Canaccord Genuity Group cut their price target on Capstone Copper from C$14.00 to C$12.50 in a research report on Monday, November 25th. Paradigm Capital set a C$12.00 price target on Capstone Copper and gave the stock a “buy” rating in a research report on Thursday, November 28th. Finally, Scotiabank increased their price target on Capstone Copper from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Thirteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$12.77.

Capstone Copper Trading Down 0.2 %

CS opened at C$9.39 on Thursday. The stock has a market cap of C$7.07 billion, a price-to-earnings ratio of -44.71, a P/E/G ratio of -0.09 and a beta of 2.14. The stock’s 50 day moving average price is C$10.14 and its 200-day moving average price is C$9.67. Capstone Copper has a one year low of C$5.47 and a one year high of C$11.51. 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 (TSE:CS) last released its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share (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 company had revenue of C$572.14 million for the quarter, compared to the consensus estimate of C$612.00 million.

Insider Activity at Capstone Copper

In other news, Director Humberto Antonio Fernandois sold 60,000 shares of Capstone Copper stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$9.25, for a total transaction of C$554,880.00. Also, Director Darren Murvin Pylot sold 100,000 shares of Capstone Copper stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$11.05, for a total transaction of C$1,104,990.00. In the last three months, insiders have sold 1,224,079 shares of company stock valued at $12,525,254. 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.