Stifel Canada Lifts Earnings Estimates for Capstone Copper

Capstone Copper Corp. (TSE:CS) – Research analysts at Stifel Canada upped their FY2027 earnings per share (EPS) estimates for Capstone Copper in a note issued to investors on Sunday, December 15th. Stifel Canada analyst M. Tapscott now expects that the mining company will earn $0.87 per share for the year, up from their prior estimate of $0.70. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share.

Several other brokerages have also commented on CS. Citigroup raised Capstone Copper to a “strong-buy” rating in a research note on Wednesday, December 11th. Raymond James set a C$12.00 target price on shares of Capstone Copper and gave the company an “outperform” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada dropped their target price on shares of Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Scotiabank boosted their price target on shares of Capstone Copper from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Finally, Eight Capital raised their price objective on shares of Capstone Copper from C$14.00 to C$15.00 in a report on Friday, November 22nd. Thirteen equities research 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, the company currently has an average rating of “Buy” and an average target price of C$12.77.

Capstone Copper Trading Down 4.6 %

CS stock opened at C$8.58 on Wednesday. Capstone Copper has a 1-year low of C$5.97 and a 1-year high of C$11.51. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 40.10. The business’s 50 day moving average is C$9.89 and its 200-day moving average is C$9.60. The firm has a market cap of C$6.46 billion, a P/E ratio of -40.86, a P/E/G ratio of -0.09 and a beta of 2.14.

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 business 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 Buying and Selling

In other news, Director John Mackenzie sold 49,000 shares of the firm’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. Also, Director Darren Murvin Pylot sold 500,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$10.50, for a total transaction of C$5,249,450.00. Insiders sold 943,250 shares of company stock worth $9,761,270 in the last quarter. 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.