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

Capstone Copper Corp. (TSE:CS) – Equities research analysts at Cormark upped their FY2024 earnings per share estimates for shares of Capstone Copper in a research report issued to clients and investors on Wednesday, October 16th. Cormark analyst S. Ioannou now anticipates 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.

Capstone Copper (TSE:CS) last posted its quarterly earnings data on Thursday, August 1st. The mining company reported C$0.04 EPS 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 during the quarter, compared to analysts’ expectations of C$545.84 million.

A number of other research analysts have also issued reports on the company. National Bankshares lifted their target price 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 lifted their price objective 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. Royal Bank of Canada cut their target price on shares of Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Scotiabank lifted their price target on shares of Capstone Copper from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Eight Capital increased their price objective on shares of Capstone Copper from C$12.50 to C$14.00 in a research report on Thursday, July 11th. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$12.84.

Capstone Copper Stock Performance

TSE:CS opened at C$10.48 on Monday. Capstone Copper has a 52 week low of C$4.40 and a 52 week high of C$11.51. The company has a fifty day simple moving average of C$9.75 and a two-hundred day simple moving average 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 company has a market cap of C$7.89 billion, a price-to-earnings ratio of -49.90, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14.

Insider Activity

In other Capstone Copper news, Director Humberto Antonio Fernandois sold 60,000 shares of the company’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 other news, Director Darren Murvin Pylot sold 100,000 shares of the firm’s stock in a transaction that occurred 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 60,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$9.25, for a total transaction of C$554,880.00. In the last quarter, insiders sold 474,079 shares of company stock worth $4,766,854. Corporate 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.