FY2024 EPS Estimates for Capstone Copper Lowered by Analyst

Capstone Copper Corp. (TSE:CS - Free Report) - Stock analysts at National Bank Financial cut their FY2024 earnings per share estimates for Capstone Copper in a report released on Tuesday, January 21st. National Bank Financial analyst S. Nagle now forecasts that the mining company will post earnings of $0.17 per share for the year, down from their prior estimate of $0.30. The consensus estimate for Capstone Copper's current full-year earnings is $0.85 per share. National Bank Financial also issued estimates for Capstone Copper's Q4 2024 earnings at $0.09 EPS, FY2025 earnings at $0.71 EPS and FY2026 earnings at $0.92 EPS.

Capstone Copper (TSE:CS - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.11 by C($0.07). The business had revenue of C$572.14 million for the quarter, compared to analyst estimates of C$612.00 million. Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%.

CS has been the topic of several other reports. TD Securities increased 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. 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 research note on Tuesday, October 15th. Paradigm Capital set a C$12.00 target price on shares of Capstone Copper and gave the stock a "buy" rating in a research note on Thursday, November 28th. CIBC boosted their price target on shares of Capstone Copper from C$12.00 to C$12.50 in a report on Monday, November 25th. Finally, Citigroup upgraded shares of Capstone Copper to a "strong-buy" rating in a report 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. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$12.60.

Capstone Copper Stock Up 2.4 %

Capstone Copper stock traded up C$0.20 during mid-day trading on Friday, reaching C$8.47. 2,238,379 shares of the company's stock were exchanged, compared to its average volume of 1,971,660. The company has a fifty day moving average of C$9.14 and a 200-day moving average of C$9.46. The company has a market cap 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 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 twelve month low of C$6.23 and a twelve month high of C$11.51.

Insider Activity at Capstone Copper

In other Capstone Copper news, Director Darren Murvin Pylot sold 250,000 shares of Capstone Copper stock in a transaction that occurred on Monday, November 25th. The stock was 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 stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$9.65, for a total value of C$473,075.40. Insiders sold a total of 843,250 shares of company stock valued at $8,656,280 over the last ninety days. 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.