Capstone Copper FY2024 EPS Forecast Decreased by Scotiabank

Capstone Copper Corp. (TSE:CS) – Research analysts at Scotiabank lowered their FY2024 earnings per share (EPS) estimates for Capstone Copper in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now expects that the mining company will earn $0.16 per share for the year, down from their prior forecast of $0.24. Scotiabank currently has a “Outperform” rating and a $13.00 target price on the stock. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share.

Other analysts have also issued reports about the stock. Canaccord Genuity Group lowered their target price on shares of Capstone Copper from C$14.00 to C$12.50 in a research note on Monday, November 25th. Eight Capital upped their target price on Capstone Copper from C$14.00 to C$15.00 in a report on Friday, November 22nd. 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. CIBC upped their price objective on shares of Capstone Copper from C$12.00 to C$12.50 in a research note on Monday, November 25th. Finally, Citigroup raised shares of Capstone Copper to a “strong-buy” rating in a research report on Wednesday, December 11th. Thirteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Capstone Copper currently has an average rating of “Buy” and an average price target of C$12.77.

Capstone Copper Stock Performance

TSE CS opened at C$9.23 on Thursday. 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$6.95 billion, a P/E ratio of -43.95, 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 price is C$9.43 and its 200-day moving average price is C$9.56.

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). Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. The firm had revenue of C$572.14 million during the quarter, compared to the consensus estimate of C$612.00 million.

Insiders Place Their Bets

In related news, Director John Mackenzie sold 49,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$9.65, for a total value of C$473,075.40. Also, Director Darren Murvin Pylot sold 500,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$10.50, for a total transaction of C$5,249,450.00. Insiders sold a total of 843,250 shares of company stock worth $8,656,280 over the last 90 days. Corporate 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.