Capstone Copper FY2024 EPS Estimate Reduced by Stifel Canada

Capstone Copper Corp. (TSE:CS) – Analysts at Stifel Canada dropped their FY2024 earnings per share (EPS) estimates for shares of Capstone Copper in a research note issued to investors on Sunday, December 15th. Stifel Canada analyst M. Tapscott now anticipates that the mining company will post earnings of $0.20 per share for the year, down from their prior forecast of $0.29. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share. Stifel Canada also issued estimates for Capstone Copper’s FY2025 earnings at $0.57 EPS and FY2026 earnings at $0.74 EPS.

Several other research analysts have also recently issued reports on CS. Raymond James set a C$12.00 price target on Capstone Copper and gave the stock an “outperform” rating in a research note on Tuesday, September 3rd. 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 report on Tuesday, October 15th. Eight Capital raised their target price on shares of Capstone Copper from C$14.00 to C$15.00 in a research note on Friday, November 22nd. Paradigm Capital set a C$12.00 price target on shares of Capstone Copper and gave the stock a “buy” rating in a research note on Thursday, November 28th. Finally, Citigroup upgraded Capstone Copper to a “strong-buy” rating in a research report on Wednesday, December 11th. Thirteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Capstone Copper currently has a consensus rating of “Buy” and an average price target of C$12.77.

Capstone Copper Stock Performance

Shares of CS stock opened at C$8.58 on Tuesday. The business has a 50 day simple moving average of C$9.89 and a 200 day simple moving average of C$9.60. The company has a debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98. The firm has a market capitalization of C$6.46 billion, a price-to-earnings ratio of -40.86, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. Capstone Copper has a 12-month low of C$5.97 and a 12-month high of C$11.51.

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 the consensus estimate of C$0.11 by C($0.07). The firm had revenue of C$572.14 million for the quarter, compared to analyst estimates of C$612.00 million. Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%.

Insiders Place Their Bets

In other Capstone Copper news, Director John Mackenzie sold 49,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$9.65, for a total value of C$473,075.40. Also, Director Darren Murvin Pylot sold 500,000 shares of Capstone Copper stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$10.50, for a total transaction of C$5,249,450.00. In the last three months, insiders have sold 943,250 shares of company stock worth $9,761,270. 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.