Stifel Canada Expects Weaker Earnings for Capstone Copper

Capstone Copper Corp. (TSE:CS) – Investment analysts at Stifel Canada reduced 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 prior 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.

Capstone Copper (TSE:CS) last issued its earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.11 by C($0.07). The company had revenue of C$572.14 million during the quarter, compared to analysts’ expectations 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 research analysts also recently weighed in on the stock. Scotiabank increased their price target 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. Canaccord Genuity Group lowered their price target on shares of Capstone Copper from C$14.00 to C$12.50 in a report on Monday, November 25th. National Bankshares raised 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 report on Tuesday, October 15th. TD Securities boosted their price objective 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. Finally, Paradigm Capital set a C$12.00 price target on Capstone Copper and gave the stock a “buy” rating in a report on Thursday, November 28th. Thirteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Capstone Copper currently has a consensus rating of “Buy” and an average price target of C$12.77.

Capstone Copper Stock Up 1.0 %

CS stock opened at C$8.99 on Tuesday. Capstone Copper has a fifty-two week low of C$5.97 and a fifty-two week high of C$11.51. The company has a market cap of C$6.77 billion, a price-to-earnings ratio of -42.81, 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 quick ratio of 0.98 and a current ratio of 0.94. The business’s 50-day moving average is C$9.94 and its two-hundred day moving average is C$9.61.

Insider Transactions at Capstone Copper

In related news, Director Darren Murvin Pylot sold 100,000 shares of the company’s 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 value of C$1,104,990.00. 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 value of C$473,075.40. In the last quarter, insiders sold 1,227,204 shares of company stock valued at $12,589,452. 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.