FY2024 EPS Estimates for Capstone Copper Cut by Cormark

Capstone Copper Corp. (TSE:CS) – Equities researchers at Cormark reduced their FY2024 earnings per share estimates for shares of Capstone Copper in a research note issued on Tuesday, November 5th. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings of $0.30 per share for the year, down from their previous forecast of $0.44. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share. Cormark also issued estimates for Capstone Copper’s FY2025 earnings at $1.17 EPS.

Capstone Copper (TSE:CS) last posted its earnings results on Thursday, October 31st. The mining company reported C$0.04 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 return on equity of 1.24% and a negative net margin of 1.47%.

Other research analysts also recently issued research reports about the stock. Eight Capital upped their price target on shares of Capstone Copper from C$12.50 to C$14.00 in a research report on Thursday, July 11th. Royal Bank of Canada cut 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 note on Tuesday, September 10th. National Bankshares upped their price target on shares of Capstone Copper from C$12.75 to C$13.75 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Scotiabank boosted their target price on Capstone Copper from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Finally, TD Securities upped their target price on Capstone Copper from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$12.84.

Capstone Copper Stock Performance

CS opened at C$9.96 on Thursday. The stock has a market cap of C$7.50 billion, a PE ratio of -47.43, a P/E/G ratio of -0.09 and a beta of 2.14. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 40.10. Capstone Copper has a 1 year low of C$4.40 and a 1 year high of C$11.51. The stock’s 50 day simple moving average is C$9.87 and its 200-day simple moving average is C$9.71.

Insider Activity

In other Capstone Copper news, Director Darren Murvin Pylot sold 283,954 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of C$9.96, for a total value of C$2,828,181.84. In related news, Director Darren Murvin Pylot sold 283,954 shares of Capstone Copper stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of C$9.96, for a total value of C$2,828,181.84. Also, Director Humberto Antonio Fernandois sold 29,906 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$9.26, for a total transaction of C$276,977.41. Insiders have sold a total of 474,079 shares of company stock valued at $4,766,854 in the last 90 days. 15.37% of the stock is currently owned by 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.