Raymond James Lowers Earnings Estimates for Capstone Copper

Capstone Copper Corp. (TSE:CS) – Stock analysts at Raymond James cut their FY2024 earnings per share estimates for Capstone Copper in a research report issued to clients and investors on Thursday, February 6th. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings per share of $0.13 for the year, down from their previous estimate of $0.17. 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 $0.06 EPS, Q1 2025 earnings at $0.10 EPS, Q2 2025 earnings at $0.13 EPS, Q3 2025 earnings at $0.11 EPS and Q4 2025 earnings at $0.14 EPS.

Several other brokerages have also recently issued reports on CS. Citigroup raised shares of Capstone Copper to a “strong-buy” rating in a report on Wednesday, December 11th. Scotiabank reduced their price objective on shares of Capstone Copper from C$12.00 to C$11.00 in a research report on Thursday, January 30th. National Bankshares decreased their target price on Capstone Copper from C$11.50 to C$11.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Canaccord Genuity Group dropped their price objective on shares of Capstone Copper from C$14.00 to C$12.50 in a research note on Monday, November 25th. Finally, Paradigm Capital set a C$12.00 target price on Capstone Copper and gave the stock a “buy” rating in a research note on Thursday, November 28th. Thirteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$12.38.

Capstone Copper Price Performance

Shares of CS stock opened at C$8.64 on Monday. The stock’s 50-day moving average is C$8.81 and its 200 day moving average is C$9.34. The company has a debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98. Capstone Copper has a 1-year low of C$6.23 and a 1-year high of C$11.51. The company has a market cap of C$6.50 billion, a P/E ratio of -41.14, a PEG ratio of -0.09 and a beta of 2.14.

Insider Activity

In other Capstone Copper news, Director Darren Murvin Pylot sold 250,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$10.04, for a total value of C$2,508,950.00. Also, Director John Mackenzie sold 49,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$9.65, for a total transaction of C$473,075.40. Over the last 90 days, insiders have sold 343,250 shares of company stock valued at $3,406,830. Company insiders own 15.37% of the company’s stock.

Capstone Copper Company Profile

Capstone Copper Corp is a company that mines, explores, and develops mineral properties in the Americas. Specifically, the group has operating mines in the US, Mexico, and Canada, and development projects in Chile and Canada. Capstone’s main focus is copper, but the company also produces zinc, lead, molybdenum, silver, and gold.