Brokers Issue Forecasts for Capstone Copper FY2024 Earnings

Capstone Copper Corp. (TSE:CS - Free Report) - Cormark cut their FY2024 earnings per share estimates for Capstone Copper in a 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 forecast 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.

Capstone Copper (TSE:CS - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share for the quarter, missing analysts' consensus estimates of C$0.11 by C($0.07). The company 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%.

Several other equities analysts also recently weighed in on the company. TD Securities raised 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. Citigroup raised Capstone Copper to a "strong-buy" rating in a research note on Wednesday, December 11th. National Bankshares increased their price objective 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. Eight Capital lifted their target price on shares of Capstone Copper from C$14.00 to C$15.00 in a research report on Friday, November 22nd. Finally, Paradigm Capital set a C$12.00 price target on shares of Capstone Copper and gave the company a "buy" rating in a research report on Thursday, November 28th. Thirteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Capstone Copper currently has a consensus rating of "Buy" and an average target price of C$12.60.

Capstone Copper Price Performance

Capstone Copper stock traded up C$0.20 during mid-day trading on Friday, reaching C$8.47. The company had a trading volume of 2,238,379 shares, compared to its average volume of 1,971,660. The stock'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 market capitalization 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 debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98. Capstone Copper has a 1 year low of C$6.23 and a 1 year high of C$11.51.

Insider Buying and Selling at Capstone Copper

In other Capstone Copper news, 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 transaction of C$473,075.40. Also, Director Darren Murvin Pylot sold 500,000 shares of Capstone Copper stock in a transaction on 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 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.