Stifel Canada Comments on Capstone Copper FY2024 Earnings

Capstone Copper Corp. (TSE:CS - Free Report) - Equities research analysts at Stifel Canada cut their FY2024 EPS estimates for shares of Capstone Copper in a research report issued to clients and investors on Thursday, January 23rd. Stifel Canada analyst M. Tapscott now forecasts that the mining company will post earnings per share of $0.14 for the year, down from their prior estimate of $0.20. The consensus estimate for Capstone Copper's current full-year earnings is $0.85 per share. Stifel Canada also issued estimates for Capstone Copper's FY2027 earnings at $0.96 EPS.

Several other analysts have also commented on the company. Citigroup raised Capstone Copper to a "strong-buy" rating in a report on Wednesday, December 11th. Eight Capital raised their price objective on shares of Capstone Copper from C$14.00 to C$15.00 in a research note on Friday, November 22nd. Paradigm Capital set a C$12.00 target price on shares of Capstone Copper and gave the company a "buy" rating in a research note on Thursday, November 28th. Canaccord Genuity Group lowered their price target on shares of Capstone Copper from C$14.00 to C$12.50 in a report on Monday, November 25th. Finally, CIBC lifted their price objective on shares of Capstone Copper from C$12.00 to C$12.50 in a report on Monday, November 25th. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$12.60.

Capstone Copper Stock Performance

CS traded up C$0.20 during midday trading on Friday, hitting C$8.47. 2,238,379 shares of the company were exchanged, compared to its average volume of 1,971,660. The firm has a market capitalization of C$6.38 billion, a price-to-earnings ratio of -40.33, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. The company's 50 day simple moving average is C$9.14 and its 200 day simple moving average is C$9.46. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 40.10. Capstone Copper has a 1-year low of C$6.23 and a 1-year high of C$11.51.

Capstone Copper (TSE:CS - Get Free Report) last issued its 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). Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. The business had revenue of C$572.14 million for the quarter, compared to analysts' expectations of C$612.00 million.

Insider Buying and Selling

In related news, Director John Mackenzie sold 49,000 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$9.65, for a total transaction of C$473,075.40. Also, Director Darren Murvin Pylot sold 500,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$10.50, for a total transaction of C$5,249,450.00. In the last three months, insiders have sold 843,250 shares of company stock worth $8,656,280. Insiders own 15.37% of the company's stock.

About Capstone Copper

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.