Equities Analysts Issue Forecasts for Capstone Copper Corp.’s Q3 2024 Earnings (TSE:CS)

Capstone Copper Corp. (TSE:CS) – National Bank Financial decreased their Q3 2024 earnings per share estimates for Capstone Copper in a report released on Monday, October 14th. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings of $0.05 per share for the quarter, down from their prior estimate of $0.08. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share.

A number of other equities research analysts also recently commented on the company. BMO Capital Markets boosted their target price on Capstone Copper from C$11.00 to C$11.50 in a research report on Friday, August 2nd. Stifel Nicolaus boosted their target price on Capstone Copper from C$11.50 to C$12.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. CIBC raised their price target on Capstone Copper from C$10.50 to C$12.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Eight Capital upped their price objective on Capstone Copper from C$12.50 to C$14.00 in a research report on Thursday, July 11th. Finally, Jefferies Financial Group lifted their target price on Capstone Copper from C$13.00 to C$14.00 in a research report on Friday, July 12th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$12.84.

Capstone Copper Stock Up 2.1 %

CS opened at C$10.59 on Wednesday. The stock has a market cap of C$7.97 billion, a price-to-earnings ratio of -50.43, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. The company has a debt-to-equity ratio of 40.10, a quick ratio of 0.98 and a current ratio of 0.94. The firm’s fifty day moving average is C$9.60 and its 200 day moving average is C$9.62. Capstone Copper has a fifty-two week low of C$4.40 and a fifty-two week high of C$11.51.

Capstone Copper (TSE:CS) last announced its earnings results on Thursday, August 1st. The mining company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($0.02). The business had revenue of C$537.85 million for the quarter, compared to the consensus estimate of C$545.84 million. Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%.

Insiders Place Their Bets

In other Capstone Copper news, Director Humberto Antonio Fernandois sold 60,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$9.25, for a total transaction of C$554,880.00. In related news, Director Darren Murvin Pylot sold 100,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$11.05, for a total value of C$1,104,990.00. Also, Director Humberto Antonio Fernandois sold 60,000 shares of the 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 value of C$554,880.00. Over the last 90 days, insiders have sold 474,079 shares of company stock worth $4,766,854. 15.37% of the stock is owned by corporate insiders.

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.