Raymond James Forecasts Capstone Copper FY2024 Earnings

Capstone Copper Corp. (TSE:CS) – Research analysts at Raymond James reduced their FY2024 earnings per share (EPS) estimates for Capstone Copper in a report released on Monday, November 25th. Raymond James analyst F. Hamed now forecasts that the mining company will earn $0.17 per share for the year, down from their previous estimate 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.

Several other research firms have also issued reports on CS. Eight Capital upped their price objective on Capstone Copper from C$14.00 to C$15.00 in a research note on Friday, November 22nd. National Bankshares increased their target price 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. CIBC increased their price target on Capstone Copper from C$12.00 to C$12.50 in a research report on Monday. Scotiabank increased their price target on Capstone Copper from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Finally, TD Securities increased their price target on Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$12.84.

Capstone Copper Price Performance

TSE:CS opened at C$9.62 on Tuesday. 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 stock’s 50 day moving average price is C$10.17 and its two-hundred day moving average price is C$9.73. The firm has a market capitalization of C$7.24 billion, a price-to-earnings ratio of -46.10, a P/E/G ratio of -0.09 and a beta of 2.14. Capstone Copper has a 12-month low of C$5.26 and a 12-month high of C$11.51.

Capstone Copper (TSE:CS) last released its quarterly earnings data 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 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 net margin of 1.47% and a negative return on equity of 1.24%.

Insider Buying and Selling at Capstone Copper

In related news, Director Darren Murvin Pylot sold 500,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$10.50, for a total transaction of C$5,249,450.00. Also, Director Humberto Antonio Fernandois sold 60,000 shares of the firm’s stock in a transaction 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 quarter, insiders have sold 974,079 shares of company stock valued at $10,016,304. 15.37% of the stock is currently owned by corporate 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.