Brokers Set Expectations for Capstone Copper FY2024 Earnings

Capstone Copper Corp. (TSE:CS) – Stock analysts at Raymond James decreased their FY2024 earnings per share estimates for Capstone Copper in a report released on Monday, November 25th. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings per share of $0.17 for the year, down from their previous forecast of $0.18. Raymond James has a “Outperform” rating and a $12.00 price target on the stock. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share. Raymond James also issued estimates for Capstone Copper’s Q4 2024 earnings at $0.10 EPS, Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.21 EPS and FY2025 earnings at $0.78 EPS.

CS has been the topic of several other research reports. TD Securities lifted their target price on 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. Canaccord Genuity Group decreased their price objective on Capstone Copper from C$14.00 to C$12.50 in a research note on Monday. National Bankshares boosted their price objective on 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. BMO Capital Markets boosted their target price on Capstone Copper from C$11.00 to C$11.50 in a research report on Friday, August 2nd. Finally, Eight Capital boosted their target price on Capstone Copper from C$14.00 to C$15.00 in a research report on Friday, November 22nd. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$12.84.

Capstone Copper Trading Down 1.7 %

Shares of Capstone Copper stock opened at C$9.46 on Tuesday. 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 52 week low of C$5.28 and a 52 week high of C$11.51. The stock has a 50 day moving average price of C$10.18 and a two-hundred day moving average price of C$9.73. The stock has a market capitalization of C$7.12 billion, a PE ratio of -45.81, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14.

Capstone Copper (TSE:CS) last issued its earnings results on Thursday, October 31st. 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). 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%.

Insider Buying and Selling at Capstone Copper

In other Capstone Copper news, Director Humberto Antonio Fernandois sold 29,906 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$9.26, for a total transaction of C$276,977.41. Also, Director Darren Murvin Pylot sold 500,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$10.50, for a total value of C$5,249,450.00. Insiders sold 974,079 shares of company stock valued at $10,016,304 in the last 90 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.