Scotiabank Cuts Earnings Estimates for Capstone Copper

Capstone Copper Corp. (TSE:CS - Free Report) - Equities research analysts at Scotiabank decreased their FY2024 earnings per share (EPS) estimates for shares of Capstone Copper in a note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now anticipates that the mining company will post earnings per share of $0.16 for the year, down from their previous forecast of $0.24. Scotiabank has a "Outperform" rating and a $13.00 price target on the stock. The consensus estimate for Capstone Copper's current full-year earnings is $0.85 per share.

A number of other research analysts also recently issued reports on CS. Paradigm Capital set a C$12.00 target price on shares of Capstone Copper and gave the company a "buy" rating in a research report on Thursday, November 28th. Eight Capital upped their target price on shares of Capstone Copper from C$14.00 to C$15.00 in a research note on Friday, November 22nd. National Bankshares increased their price target on Capstone Copper from C$12.75 to C$13.75 and gave the company an "outperform" rating in a research report on Tuesday, October 15th. CIBC lifted their price objective on shares of Capstone Copper from C$12.00 to C$12.50 in a research report on Monday, November 25th. Finally, TD Securities upped their price target on Capstone Copper from C$12.00 to C$13.00 and gave the company a "buy" rating in a research report on Wednesday, October 2nd. Thirteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of C$12.77.

Capstone Copper Trading Up 4.9 %

Shares of Capstone Copper stock traded up C$0.43 on Thursday, hitting C$9.23. 2,092,530 shares of the company's stock traded hands, compared to its average volume of 1,758,266. Capstone Copper has a one year low of C$5.97 and a one year high of C$11.51. The company has a debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98. The company has a fifty day moving average of C$9.43 and a two-hundred day moving average of C$9.56. The company has a market capitalization of C$6.95 billion, a price-to-earnings ratio of -43.95, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14.

Capstone Copper (TSE:CS - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The mining company reported C$0.04 EPS for the quarter, missing analysts' consensus estimates of C$0.11 by C($0.07). The company had revenue of C$572.14 million during 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%.

Insider Activity

In other Capstone Copper news, Director John Mackenzie sold 49,000 shares of Capstone Copper stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$9.65, for a total transaction of C$473,075.40. Also, Director Darren Murvin Pylot sold 250,000 shares of the 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. In the last 90 days, insiders sold 843,250 shares of company stock worth $8,656,280. 15.37% of the stock is currently owned by insiders.

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.