Capstone Copper FY2024 EPS Estimate Lowered by Stifel Canada

Capstone Copper Corp. (TSE:CS) – Analysts at Stifel Canada cut their FY2024 earnings estimates for shares of Capstone Copper in a note issued to investors on Thursday, January 23rd. Stifel Canada analyst M. Tapscott now forecasts that the mining company will post earnings of $0.14 per share for the year, down from their previous forecast of $0.20. 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 FY2027 earnings at $0.96 EPS.

CS has been the topic of several other research reports. 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. National Bankshares lifted their price objective on Capstone Copper from C$12.75 to C$13.75 and gave the company an “outperform” rating in a report on Tuesday, October 15th. TD Securities increased their target price on Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Scotiabank reduced their price target on shares of Capstone Copper from C$12.00 to C$11.00 in a report on Tuesday, January 21st. Finally, Citigroup upgraded shares of Capstone Copper to a “strong-buy” rating in a report on Wednesday, December 11th. Thirteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Capstone Copper presently has a consensus rating of “Buy” and an average target price of C$12.60.

Capstone Copper Stock Up 2.4 %

TSE:CS opened at C$8.47 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10. Capstone Copper has a 12-month low of C$6.23 and a 12-month high of C$11.51. The firm has a market capitalization of C$6.38 billion, a P/E ratio of -40.33, a P/E/G ratio of -0.09 and a beta of 2.14. The stock’s fifty day simple moving average is C$9.14 and its 200-day simple moving average is C$9.46.

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 net margin of 1.47% and a negative return on equity of 1.24%. The business had revenue of C$572.14 million for the quarter, compared to analyst estimates of C$612.00 million.

Insider Activity

In other Capstone Copper news, 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. Also, Director Darren Murvin Pylot sold 500,000 shares of the company’s 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 90 days, insiders sold 843,250 shares of company stock valued at $8,656,280. 15.37% of the stock is owned by insiders.

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.