Analysts Issue Forecasts for Capstone Copper FY2024 Earnings

Capstone Copper Corp. (TSE:CS) – Raymond James lowered their FY2024 earnings per share estimates for Capstone Copper in a research report issued on Thursday, February 6th. Raymond James analyst F. Hamed now expects that the mining company will post earnings per share of $0.13 for the year, down from their prior estimate of $0.17. 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 $0.06 EPS, Q1 2025 earnings at $0.10 EPS, Q2 2025 earnings at $0.13 EPS, Q3 2025 earnings at $0.11 EPS and Q4 2025 earnings at $0.14 EPS.

A number of other research analysts have also issued reports on CS. Paradigm Capital set a C$12.00 price target on Capstone Copper and gave the stock a “buy” rating in a research report on Thursday, November 28th. Canaccord Genuity Group decreased their target price on shares of Capstone Copper from C$14.00 to C$12.50 in a research report on Monday, November 25th. Scotiabank lowered their target price on shares of Capstone Copper from C$12.00 to C$11.00 in a research note on Thursday, January 30th. CIBC upped their price target on shares of Capstone Copper from C$12.00 to C$12.50 in a research note on Monday, November 25th. Finally, Citigroup upgraded shares of Capstone Copper to a “strong-buy” rating in a research note on Wednesday, December 11th. Thirteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Capstone Copper presently has an average rating of “Buy” and an average price target of C$12.38.

Capstone Copper Trading Up 0.6 %

Capstone Copper stock opened at C$8.64 on Monday. The firm has a 50-day moving average price of C$8.81 and a two-hundred day moving average price of C$9.34. The firm has a market capitalization of C$6.50 billion, a price-to-earnings ratio of -41.14, a PEG ratio of -0.09 and a beta of 2.14. 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 52-week low of C$6.23 and a 52-week high of C$11.51.

Insider Buying and Selling at Capstone Copper

In related news, Director Darren Murvin Pylot sold 44,250 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$9.60, for a total value of C$424,804.43. Also, Director John Mackenzie sold 49,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$9.65, for a total transaction of C$473,075.40. Over the last 90 days, insiders have sold 343,250 shares of company stock valued at $3,406,830. Corporate insiders own 15.37% of the company’s stock.

About Capstone Copper

Capstone Copper Corp is a company that mines, explores, and develops mineral properties in the Americas. Specifically, the group has operating mines in the US, Mexico, and Canada, and development projects in Chile and Canada. Capstone’s main focus is copper, but the company also produces zinc, lead, molybdenum, silver, and gold.