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

Capstone Copper Corp. (TSE:CS) – Stock analysts at Cormark reduced their FY2024 earnings estimates for Capstone Copper in a research report issued on Wednesday, January 22nd. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings of $0.23 per share for the year, down from their prior estimate of $0.31. 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 $0.14 EPS and FY2025 earnings at $1.07 EPS.

CS has been the subject of several other reports. Citigroup upgraded Capstone Copper to a “strong-buy” rating in a report on Wednesday, December 11th. National Bankshares lifted their target price on shares of Capstone Copper from C$12.75 to C$13.75 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Scotiabank dropped their price target on shares of Capstone Copper from C$12.00 to C$11.00 in a research note on Tuesday, January 21st. Eight Capital lifted their price objective on shares of Capstone Copper from C$14.00 to C$15.00 in a research note on Friday, November 22nd. Finally, CIBC upped their price objective on shares of Capstone Copper from C$12.00 to C$12.50 in a report on Monday, November 25th. Thirteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$12.60.

Capstone Copper Stock Performance

Shares of TSE CS opened at C$8.47 on Friday. The company has a debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98. Capstone Copper has a one year low of C$6.23 and a one year high of C$11.51. The business’s 50-day moving average price is C$9.14 and its two-hundred day moving average price is C$9.46. The company has a market capitalization of C$6.38 billion, a P/E ratio of -40.33, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14.

Capstone Copper (TSE:CS) last posted its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 EPS for the quarter, missing the consensus estimate 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 company had revenue of C$572.14 million for the quarter, compared to analysts’ expectations of C$612.00 million.

Insider Activity

In related news, Director Darren Murvin Pylot sold 250,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of C$10.04, for a total transaction of C$2,508,950.00. Also, 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. Over the last ninety days, insiders have sold 843,250 shares of company stock valued at $8,656,280. 15.37% of the stock is 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.