Capstone Copper (TSE:CS) Releases Earnings Results, Misses Estimates By $0.07 EPS

Capstone Copper (TSE:CS) posted its quarterly earnings results on Thursday. The mining company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07), reports. The business 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%.

Capstone Copper Stock Up 1.1 %

Shares of Capstone Copper stock opened at C$9.74 on Friday. The company has a market cap of C$7.33 billion, a P/E ratio of -46.38, a PEG ratio of -0.09 and a beta of 2.14. The firm has a fifty day moving average of C$9.86 and a two-hundred day moving average of C$9.70. The company has a debt-to-equity ratio of 40.10, a quick ratio of 0.98 and a current ratio of 0.94. Capstone Copper has a one year low of C$4.40 and a one year high of C$11.51.

Insider Transactions at Capstone Copper

In related news, Director Humberto Antonio Fernandois sold 60,000 shares of the company’s stock in a transaction 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 firm’s stock in a transaction dated Thursday, September 26th. The shares were 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 business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$9.25, for a total transaction of C$554,880.00. Insiders have sold a total of 474,079 shares of company stock worth $4,766,854 over the last ninety days. 15.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. TD Securities boosted their target price on Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. National Bankshares boosted their price objective on shares of Capstone Copper from C$12.75 to C$13.75 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Stifel Nicolaus increased their target price on shares of 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. Raymond James set a C$12.00 price objective on shares of Capstone Copper and gave the company an “outperform” rating in a research note on Tuesday, September 3rd. Finally, Royal Bank of Canada decreased their target price on 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. Twelve analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$12.84.

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.