Cormark Comments on Capstone Copper’s Q3 Earnings (TSE:CS)

Capstone Copper Corp. (TSE:CS) – Cormark dropped their Q3 2024 EPS estimates for shares of Capstone Copper in a report released on Wednesday, October 16th. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings per share of $0.15 for the quarter, down from their previous forecast of $0.18. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share. Cormark also issued estimates for Capstone Copper’s FY2026 earnings at $1.39 EPS.

A number of other research analysts also recently issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Raymond James set a C$12.00 target price on shares of Capstone Copper and gave the stock an “outperform” rating in a research note on Tuesday, September 3rd. TD Securities raised their price target on Capstone Copper from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Stifel Nicolaus upped their price objective on Capstone Copper from C$11.50 to C$12.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Finally, Eight Capital boosted their target price on Capstone Copper from C$12.50 to C$14.00 in a research note on Thursday, July 11th. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$12.84.

Capstone Copper Stock Performance

Shares of CS opened at C$10.48 on Friday. Capstone Copper has a 1 year low of C$4.40 and a 1 year high of C$11.51. The stock has a market capitalization of C$7.89 billion, a PE ratio of -49.24, a PEG ratio of -0.09 and a beta of 2.14. The company has a debt-to-equity ratio of 40.10, a quick ratio of 0.98 and a current ratio of 0.94. The stock has a 50-day simple moving average of C$9.70 and a 200-day simple moving average of C$9.63.

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

Insider Activity

In related news, Director Darren Murvin Pylot sold 100,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$11.05, for a total value of C$1,104,990.00. In related news, Director Darren Murvin Pylot sold 100,000 shares of the business’s stock in a transaction dated 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 dated Monday, September 16th. The shares were sold at an average price of C$9.26, for a total transaction of C$276,977.41. Over the last 90 days, insiders have sold 474,079 shares of company stock valued at $4,766,854. 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.