FY2024 EPS Estimates for Capstone Copper Lowered by Analyst

Capstone Copper Corp. (TSE:CS) – Analysts at Scotiabank lowered their FY2024 earnings estimates for Capstone Copper in a report released on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now expects that the mining company will earn $0.16 per share for the year, down from their prior forecast of $0.24. Scotiabank currently has a “Outperform” rating and a $13.00 target price on the stock. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share.

Capstone Copper (TSE:CS) last released its 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). Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. The company had revenue of C$572.14 million during the quarter, compared to analysts’ expectations of C$612.00 million.

Other equities research analysts also recently issued reports about the company. National Bankshares raised their price target on Capstone Copper from C$12.75 to C$13.75 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. TD Securities raised 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. Paradigm Capital set a C$12.00 target price on shares of Capstone Copper and gave the stock a “buy” rating in a research report on Thursday, November 28th. Eight Capital increased their price target on shares of Capstone Copper from C$14.00 to C$15.00 in a research note on Friday, November 22nd. Finally, CIBC lifted their price objective on shares of Capstone Copper from C$12.00 to C$12.50 in a research note on Monday, November 25th. Thirteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$12.77.

Capstone Copper Price Performance

Shares of TSE:CS opened at C$8.69 on Thursday. The firm has a market cap of C$6.54 billion, a price-to-earnings ratio of -41.38, a P/E/G ratio of -0.09 and a beta of 2.14. Capstone Copper has a 1 year low of C$5.97 and a 1 year high of C$11.51. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 40.10. The business has a fifty day simple moving average of C$9.42 and a 200 day simple moving average of C$9.55.

Insider Transactions at Capstone Copper

In related news, Director Darren Murvin Pylot sold 250,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of C$10.04, for a total transaction of C$2,508,950.00. Also, Director John Mackenzie sold 49,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$9.65, for a total transaction of C$473,075.40. Over the last ninety days, insiders have sold 843,250 shares of company stock worth $8,656,280. Company 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.