Stifel Canada Reduces Earnings Estimates for Capstone Copper

Capstone Copper Corp. (TSE:CS - Free Report) - Stifel Canada decreased their FY2024 earnings per share estimates for shares of Capstone Copper in a report released on Sunday, December 15th. Stifel Canada analyst M. Tapscott now expects that the mining company will post earnings per share of $0.20 for the year, down from their previous estimate of $0.29. 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 FY2025 earnings at $0.57 EPS and FY2026 earnings at $0.74 EPS.

Several other equities analysts have also commented on CS. National Bankshares raised their price target on 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. Scotiabank boosted their price target on shares of Capstone Copper from C$12.00 to C$13.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd. Royal Bank of Canada dropped their price objective on shares of Capstone Copper from C$14.00 to C$12.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 10th. Citigroup raised shares of Capstone Copper to a "strong-buy" rating in a research note on Wednesday, December 11th. Finally, CIBC increased their target price on Capstone Copper from C$12.00 to C$12.50 in a research report on Monday, November 25th. Thirteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$12.77.

Capstone Copper Trading Up 1.0 %

Capstone Copper stock traded up C$0.09 during mid-day trading on Tuesday, hitting C$8.99. The company's stock had a trading volume of 2,149,976 shares, compared to its average volume of 2,245,304. Capstone Copper has a one year low of C$5.97 and a one year high of C$11.51. The stock has a market cap of C$6.77 billion, a PE ratio of -42.81, a P/E/G ratio of -0.09 and a beta of 2.14. The company has a 50 day moving average of C$9.94 and a 200-day moving average of C$9.61. The company has a debt-to-equity ratio of 40.10, a quick ratio of 0.98 and a current ratio of 0.94.

Capstone Copper (TSE:CS - Get Free Report) last announced its earnings results 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 firm had revenue of C$572.14 million during the quarter, compared to analysts' expectations of C$612.00 million.

Insider Buying and Selling

In related news, Director Darren Murvin Pylot sold 44,250 shares of Capstone Copper stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$9.60, for a total transaction of C$424,804.43. 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 1,227,204 shares of company stock worth $12,589,452 in the last 90 days. 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.