FY2024 EPS Estimates for Capstone Copper Cut by Scotiabank

Capstone Copper Corp. (TSE:CS) – Equities researchers at Scotiabank lowered their FY2024 EPS estimates for Capstone Copper in a research note issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will post earnings of $0.16 per share for the year, down from their prior estimate of $0.24. Scotiabank currently has a “Outperform” rating and a $13.00 target price on the stock. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share.

Capstone Copper (TSE:CS) last posted its quarterly earnings data 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). 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 return on equity of 1.24% and a negative net margin of 1.47%.

Several other brokerages also recently issued reports on CS. Canaccord Genuity Group decreased their price target on Capstone Copper from C$14.00 to C$12.50 in a report on Monday, November 25th. Citigroup upgraded shares of Capstone Copper to a “strong-buy” rating in a research report on Wednesday, December 11th. TD Securities boosted their target price on Capstone Copper from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Eight Capital raised their price target on Capstone Copper from C$14.00 to C$15.00 in a report on Friday, November 22nd. Finally, Paradigm Capital set a C$12.00 price objective on shares of Capstone Copper and gave the company a “buy” rating in a research note on Thursday, November 28th. 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. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$12.77.

Capstone Copper Stock Up 4.9 %

Shares of TSE CS opened at C$9.23 on Thursday. Capstone Copper has a 12-month low of C$5.97 and a 12-month high of C$11.51. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10. The firm has a market cap of C$6.95 billion, a PE ratio of -43.95, a P/E/G ratio of -0.09 and a beta of 2.14. The company’s fifty day simple moving average is C$9.43 and its 200 day simple moving average is C$9.56.

Insider Activity

In other news, Director John Mackenzie sold 49,000 shares of Capstone Copper stock in a transaction that occurred on 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 stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$10.50, for a total value of C$5,249,450.00. Insiders sold 843,250 shares of company stock worth $8,656,280 over the last three months. 15.37% of the stock is currently 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.