Capstone Copper FY2024 EPS Forecast Lowered by Stifel Canada

Capstone Copper Corp. (TSE:CS) – Equities researchers at Stifel Canada reduced their FY2024 earnings per share (EPS) estimates for Capstone Copper in a research note issued on Thursday, January 23rd. Stifel Canada analyst M. Tapscott now anticipates that the mining company will post earnings of $0.14 per share for the year, down from their prior estimate of $0.20. 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 FY2027 earnings at $0.96 EPS.

Several other research analysts have also recently weighed in on the stock. Citigroup upgraded shares of Capstone Copper to a “strong-buy” rating in a research report on Wednesday, December 11th. CIBC boosted their target price on Capstone Copper from C$12.00 to C$12.50 in a research report on Monday, November 25th. Paradigm Capital set a C$12.00 price target on Capstone Copper and gave the company a “buy” rating in a report on Thursday, November 28th. Eight Capital boosted their price objective on Capstone Copper from C$14.00 to C$15.00 in a report on Friday, November 22nd. Finally, Canaccord Genuity Group reduced their target price on shares of Capstone Copper from C$14.00 to C$12.50 in a research note on Monday, November 25th. Thirteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$12.60.

Capstone Copper Price Performance

Shares of CS stock opened at C$8.47 on Friday. Capstone Copper has a 1 year low of C$6.23 and a 1 year high of C$11.51. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 40.10. The firm’s 50 day moving average is C$9.14 and its 200-day moving average is C$9.46. The firm has a market capitalization of C$6.38 billion, a price-to-earnings ratio of -40.33, a PEG ratio of -0.09 and a beta of 2.14.

Capstone Copper (TSE:CS) last issued its quarterly 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 for the quarter, compared to analyst estimates of C$612.00 million. Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%.

Insider Activity at Capstone Copper

In related news, Director John Mackenzie sold 49,000 shares of the business’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 250,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of C$10.04, for a total transaction of C$2,508,950.00. Over the last 90 days, insiders sold 843,250 shares of company stock worth $8,656,280. 15.37% of the stock is currently owned by company insiders.

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.