FY2024 EPS Estimates for Capstone Copper Reduced by Analyst

Capstone Copper Corp. (TSE:CS) – Equities research analysts at National Bank Financial lowered their FY2024 earnings per share estimates for shares of Capstone Copper in a report released on Tuesday, January 21st. National Bank Financial analyst S. Nagle now forecasts that the mining company will earn $0.17 per share for the year, down from their previous estimate of $0.30. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share. National Bank Financial also issued estimates for Capstone Copper’s Q4 2024 earnings at $0.09 EPS, FY2025 earnings at $0.71 EPS and FY2026 earnings at $0.92 EPS.

Capstone Copper (TSE:CS) last announced its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). The firm had revenue of C$572.14 million for the quarter, compared to analysts’ expectations of C$612.00 million. Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%.

A number of other equities analysts have also recently weighed in on the company. TD Securities upped their price target on Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. 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. Canaccord Genuity Group dropped their price target on shares of Capstone Copper from C$14.00 to C$12.50 in a research note on Monday, November 25th. National Bankshares upped 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. Finally, CIBC increased their price objective on shares of Capstone Copper from C$12.00 to C$12.50 in a report on Monday, November 25th. Thirteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$12.60.

Capstone Copper Trading Up 0.2 %

Shares of Capstone Copper stock opened at C$8.27 on Friday. The firm has a 50-day simple moving average of C$9.19 and a two-hundred day simple moving average of C$9.48. 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 fifty-two week low of C$6.23 and a fifty-two week high of C$11.51. The company has a market cap of C$6.23 billion, a P/E ratio of -39.38, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14.

Insider Transactions at Capstone Copper

In related news, Director Darren Murvin Pylot sold 44,250 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$9.60, for a total transaction of C$424,804.43. Also, Director John Mackenzie sold 49,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$9.65, for a total transaction of C$473,075.40. Insiders have sold a total of 843,250 shares of company stock worth $8,656,280 in the last ninety days. Insiders own 15.37% of the company’s stock.

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.