Capstone Copper FY2024 EPS Forecast Cut by Raymond James

Capstone Copper Corp. (TSE:CS - Free Report) - Stock analysts at Raymond James reduced their FY2024 earnings per share (EPS) estimates for shares of Capstone Copper in a report issued on Monday, November 25th. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings per share of $0.17 for the year, down from their prior forecast of $0.18. Raymond James has a "Outperform" rating and a $12.00 price target on the stock. 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 $0.10 EPS, Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.21 EPS and FY2025 earnings at $0.78 EPS.

CS has been the topic of a number of other research reports. Eight Capital lifted their target price on shares of Capstone Copper from C$14.00 to C$15.00 in a research note on Friday. Canaccord Genuity Group dropped their price target on Capstone Copper from C$14.00 to C$12.50 in a research note on Monday. TD Securities increased their price objective on shares of Capstone Copper from C$12.00 to C$13.00 and gave the company a "buy" rating in a report on Wednesday, October 2nd. Royal Bank of Canada cut their price target on Capstone Copper from C$14.00 to C$12.00 and set an "outperform" rating for the company in a report on Tuesday, September 10th. Finally, Scotiabank lifted their price objective on shares of Capstone Copper from C$12.00 to C$13.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$12.84.

Capstone Copper Stock Performance

Shares of Capstone Copper stock traded down C$0.22 during trading hours on Tuesday, reaching C$9.62. 1,938,379 shares of the stock traded hands, compared to its average volume of 2,253,177. Capstone Copper has a one year low of C$5.26 and a one year high of C$11.51. The firm has a market capitalization of C$7.24 billion, a price-to-earnings ratio of -46.10, 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. The company has a 50 day moving average price of C$10.17 and a 200 day moving average price of C$9.73.

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

Insider Activity at Capstone Copper

In other news, Director Humberto Antonio Fernandois sold 29,906 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$9.26, for a total transaction of C$276,977.41. Also, Director Darren Murvin Pylot sold 100,000 shares of the firm's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$11.05, for a total transaction of C$1,104,990.00. Insiders sold 974,079 shares of company stock worth $10,016,304 over the last three months. Company 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.