Cormark Estimates Capstone Copper’s FY2024 Earnings (TSE:CS)

Capstone Copper Corp. (TSE:CS) – Cormark dropped their FY2024 EPS estimates for Capstone Copper in a report released on Tuesday, November 5th. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings per share of $0.30 for the year, down from their prior 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 quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.11 by C($0.07). The firm 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 net margin of 1.47% and a negative return on equity of 1.24%.

A number of other research firms also recently commented on CS. Raymond James set a C$12.00 price objective on Capstone Copper and gave the company an “outperform” rating in a report on Tuesday, September 3rd. Stifel Nicolaus lifted their price target on shares of Capstone Copper from C$11.50 to C$12.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. BMO Capital Markets upped their price objective on shares of Capstone Copper from C$11.00 to C$11.50 in a research report on Friday, August 2nd. Scotiabank lifted their target price on Capstone Copper from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Finally, Jefferies Financial Group boosted their target price on Capstone Copper from C$13.00 to C$14.00 in a research note on Friday, July 12th. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$12.84.

Capstone Copper Price Performance

Shares of CS stock opened at C$10.35 on Thursday. The firm’s 50 day moving average price is C$9.92 and its two-hundred day moving average price is C$9.72. The stock has a market cap of C$7.79 billion, a PE ratio of -49.29, a PEG ratio of -0.09 and a beta of 2.14. Capstone Copper has a 52-week low of C$4.40 and a 52-week high of C$11.51. The company has a debt-to-equity ratio of 40.10, a quick ratio of 0.98 and a current ratio of 0.94.

Insider Activity

In other news, Director Darren Murvin Pylot sold 283,954 shares of Capstone Copper stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of C$9.96, for a total value of C$2,828,181.84. 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. Also, Director Humberto Antonio Fernandois sold 60,000 shares of the firm’s 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. In the last 90 days, insiders sold 474,079 shares of company stock valued at $4,766,854. 15.37% of the stock is 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.