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

Capstone Copper Corp. (TSE:CS) – Equities research analysts at Cormark increased their FY2024 earnings per share estimates for shares of Capstone Copper in a research note issued on Wednesday, October 16th. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings of $0.44 per share for the year, up from their previous forecast of $0.42. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share. Cormark also issued estimates for Capstone Copper’s Q4 2024 earnings at $0.23 EPS, Q1 2025 earnings at $0.29 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.29 EPS and FY2025 earnings at $1.16 EPS.

A number of other equities research analysts also recently weighed in on CS. Eight Capital raised their price objective on shares of Capstone Copper from C$12.50 to C$14.00 in a research report on Thursday, July 11th. BMO Capital Markets lifted their price target on shares of Capstone Copper from C$11.00 to C$11.50 in a research report on Friday, August 2nd. TD Securities upped their price target on Capstone Copper from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Stifel Nicolaus raised their price objective on Capstone Copper from C$11.50 to C$12.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, Royal Bank of Canada decreased their target price on Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Capstone Copper has an average rating of “Buy” and a consensus target price of C$12.84.

Capstone Copper Stock Performance

The company has a 50 day moving average price of C$9.75 and a 200 day moving average price of C$9.66. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10. The firm has a market capitalization of C$7.64 billion, a price-to-earnings ratio of -49.90, a P/E/G ratio of -0.09 and a beta of 2.14. Capstone Copper has a 12 month low of C$4.40 and a 12 month high of C$11.51.

Capstone Copper (TSE:CS) last released its earnings results on Thursday, August 1st. The mining company reported C$0.04 earnings per share 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 business had revenue of C$537.85 million for the quarter, compared to the consensus estimate of C$545.84 million.

Insider Buying and Selling at Capstone Copper

In related news, Director Darren Murvin Pylot sold 100,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$11.05, for a total transaction of C$1,104,990.00. In other Capstone Copper news, Director Darren Murvin Pylot sold 100,000 shares of Capstone Copper stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$11.05, for a total transaction of C$1,104,990.00. Also, Director Humberto Antonio Fernandois sold 29,906 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$9.26, for a total transaction of C$276,977.41. Insiders have sold 474,079 shares of company stock valued at $4,766,854 in the last 90 days. 15.37% of the stock is currently owned by insiders.

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.