Capstone Copper FY2024 EPS Forecast Lowered by Stifel Canada

Capstone Copper Corp. (TSE:CS) – Equities researchers at Stifel Canada dropped their FY2024 earnings per share estimates for shares of Capstone Copper in a research report issued to clients and investors on Sunday, December 15th. Stifel Canada analyst M. Tapscott now anticipates that the mining company will post earnings per share of $0.20 for the year, down from their previous estimate of $0.29. 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 FY2025 earnings at $0.57 EPS and FY2026 earnings at $0.74 EPS.

Capstone Copper (TSE:CS) last announced 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). The firm 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%.

Several other equities analysts have also recently weighed in on CS. Royal Bank of Canada decreased their price target on shares of 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. Paradigm Capital set a C$12.00 target price on Capstone Copper and gave the stock a “buy” rating in a report on Thursday, November 28th. Eight Capital raised their price target on Capstone Copper from C$14.00 to C$15.00 in a research note on Friday, November 22nd. Raymond James set a C$12.00 price objective on Capstone Copper and gave the stock an “outperform” rating in a research note on Tuesday, September 3rd. Finally, TD Securities upped their price target on shares of 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. Thirteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$12.77.

Capstone Copper Price Performance

Shares of TSE CS opened at C$8.99 on Tuesday. The company has a fifty day moving average price of C$9.94 and a 200 day moving average price of C$9.61. Capstone Copper has a 1-year low of C$5.97 and a 1-year high of C$11.51. The firm has a market cap of C$6.77 billion, a PE ratio of -42.81, a PEG 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.

Insider Buying and Selling

In other Capstone Copper news, Director Darren Murvin Pylot sold 44,250 shares of Capstone Copper stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$9.60, for a total transaction of C$424,804.43. Also, Director John Mackenzie sold 49,000 shares of the firm’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. In the last quarter, insiders have sold 1,227,204 shares of company stock valued at $12,589,452. 15.37% of the stock is owned by company 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.