Analysts Set Expectations for Capstone Copper Q3 Earnings

Capstone Copper Corp. (TSE:CS) – Research analysts at National Bank Financial lowered their Q3 2024 earnings estimates for shares of Capstone Copper in a report released on Monday, October 14th. National Bank Financial analyst S. Nagle now forecasts that the mining company will post earnings per share of $0.05 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.

Other equities analysts have also issued reports about the company. Raymond James set a C$12.00 price target on Capstone Copper and gave the stock an “outperform” rating in a research report on Tuesday, September 3rd. CIBC boosted their target price on shares of Capstone Copper from C$10.50 to C$12.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Royal Bank of Canada lowered their price target on shares of Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. BMO Capital Markets lifted their price target on shares of Capstone Copper from C$11.00 to C$11.50 in a research note on Friday, August 2nd. Finally, TD Securities upped their price objective on shares of Capstone Copper from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$12.84.

Capstone Copper Price Performance

Shares of TSE CS opened at C$10.32 on Wednesday. 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$4.40 and a 1-year high of C$11.51. The company has a market capitalization of C$7.77 billion, a price-to-earnings ratio of -49.14, a PEG ratio of -0.09 and a beta of 2.14. The business has a 50-day moving average of C$9.66 and a 200-day moving average of C$9.63.

Capstone Copper (TSE:CS) last announced its quarterly 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). Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%. The company had revenue of C$537.85 million during the quarter, compared to analyst estimates of C$545.84 million.

Insider Buying and Selling

In other news, Director Darren Murvin Pylot sold 100,000 shares of the business’s 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. In other Capstone Copper 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 29,906 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$9.26, for a total value of C$276,977.41. Over the last three months, insiders sold 474,079 shares of company stock worth $4,766,854. Corporate insiders own 15.37% of the company’s stock.

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.