Raymond James Comments on Capstone Copper FY2024 Earnings

Capstone Copper Corp. (TSE:CS - Free Report) - Investment analysts at Raymond James lowered their FY2024 earnings estimates for shares of Capstone Copper in a research note issued on Thursday, February 6th. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings of $0.13 per share 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.

CS has been the topic of several other research reports. Paradigm Capital set a C$12.00 target price on shares of Capstone Copper and gave the stock a "buy" rating in a report on Thursday, November 28th. CIBC raised their price objective on shares of Capstone Copper from C$12.00 to C$12.50 in a research report on Monday, November 25th. Scotiabank decreased their price objective on shares of Capstone Copper from C$12.00 to C$11.00 in a research report on Thursday, January 30th. Canaccord Genuity Group decreased their price objective on shares of Capstone Copper from C$14.00 to C$12.50 in a research 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, Capstone Copper currently has a consensus rating of "Buy" and a consensus price target of C$12.38.

Capstone Copper Stock Up 2.8 %

CS traded up C$0.24 during midday trading on Monday, reaching C$8.79. The company's stock had a trading volume of 1,301,464 shares, compared to its average volume of 2,211,295. The stock's 50-day moving average is C$8.77 and its 200-day moving average is C$9.34. Capstone Copper has a 1 year low of C$6.39 and a 1 year high of C$11.51. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 44.16. The firm has a market capitalization of C$4.70 billion, a price-to-earnings ratio of -225.03, a PEG ratio of -0.09 and a beta of 2.14.

Insider Buying and Selling at Capstone Copper

In other news, Director Darren Murvin Pylot sold 250,000 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of C$10.04, for a total value of C$2,508,950.00. Also, Director John Mackenzie sold 49,000 shares of the business'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. Insiders sold a total of 343,250 shares of company stock valued at $3,406,830 in the last three months. Company 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.