Raymond James Boosts Earnings Estimates for Capstone Copper

Capstone Copper Corp. (TSE:CS - Free Report) - Research analysts at Raymond James lifted their Q3 2024 earnings per share (EPS) estimates for Capstone Copper in a research report issued on Wednesday, October 23rd. Raymond James analyst F. Hamed now forecasts that the mining company will earn $0.07 per share for the quarter, up from their previous forecast of $0.05. Raymond James currently has a "Outperform" rating and a $12.00 target price 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 $0.12 EPS, FY2024 earnings at $0.22 EPS, Q2 2025 earnings at $0.22 EPS and FY2025 earnings at $0.92 EPS.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group upped their price objective on shares of Capstone Copper from C$13.00 to C$14.00 in a research report on Friday, July 12th. Scotiabank upped 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 report on Wednesday, October 2nd. National Bankshares upped their price objective on shares of Capstone Copper from C$12.75 to C$13.75 and gave the stock an "outperform" rating in a research report on Tuesday, October 15th. BMO Capital Markets upped their price objective on shares of Capstone Copper from C$11.00 to C$11.50 in a research report on Friday, August 2nd. Finally, Royal Bank of Canada decreased 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 report on Tuesday, September 10th. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat.com, Capstone Copper has a consensus rating of "Buy" and a consensus price target of C$12.84.

Capstone Copper Price Performance

Shares of CS traded up C$0.10 during midday trading on Friday, hitting C$9.93. 2,220,307 shares of the company traded hands, compared to its average volume of 2,206,550. 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 stock has a 50-day moving average of C$9.84 and a 200-day moving average of C$9.68. The firm has a market cap of C$7.48 billion, a P/E ratio of -47.29, a PEG ratio of -0.09 and a beta of 2.14. Capstone Copper has a one year low of C$4.40 and a one year high of C$11.51.

Capstone Copper (TSE:CS - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The mining company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.02). 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$537.85 million for the quarter, compared to the consensus estimate of C$545.84 million.

Insider Buying and Selling at Capstone Copper

In other news, Director Humberto Antonio Fernandois sold 60,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$9.25, for a total transaction of C$554,880.00. In other news, Director Darren Murvin Pylot sold 100,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$11.05, for a total transaction of C$1,104,990.00. Also, Director Humberto Antonio Fernandois sold 60,000 shares of the firm's stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$9.25, for a total value of C$554,880.00. Insiders have sold 474,079 shares of company stock worth $4,766,854 over the last ninety days. Insiders own 15.37% of the company's stock.

Capstone Copper Company Profile

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.