Cormark Has Weak Outlook for Capstone Copper FY2024 Earnings

Capstone Copper Corp. (TSE:CS) – Stock analysts at Cormark decreased their FY2024 earnings per share estimates for shares of Capstone Copper in a research note issued to investors on Wednesday, January 22nd. Cormark analyst S. Ioannou now expects that the mining company will post earnings per share of $0.23 for the year, down from their prior forecast of $0.31. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share. Cormark also issued estimates for Capstone Copper’s Q4 2024 earnings at $0.14 EPS and FY2025 earnings at $1.07 EPS.

Several other research firms have also commented on CS. Paradigm Capital set a C$12.00 price target on shares of Capstone Copper and gave the company a “buy” rating in a report on Thursday, November 28th. Eight Capital upped their price objective on Capstone Copper from C$14.00 to C$15.00 in a research note on Friday, November 22nd. National Bankshares raised their target price 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. TD Securities upped their price target on shares of Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Canaccord Genuity Group cut their price objective on shares of Capstone Copper from C$14.00 to C$12.50 in a research report on Monday, November 25th. Thirteen 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, Capstone Copper has an average rating of “Buy” and an average target price of C$12.60.

Capstone Copper Trading Up 2.4 %

TSE:CS opened at C$8.47 on Friday. The company has a market cap of C$6.38 billion, a PE ratio of -40.33, a P/E/G ratio of -0.09 and a beta of 2.14. The business’s 50 day moving average is C$9.14 and its two-hundred day moving average is C$9.46. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10. Capstone Copper has a 52 week low of C$6.23 and a 52 week high of C$11.51.

Capstone Copper (TSE:CS) last issued its quarterly earnings results on Thursday, October 31st. The mining company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). The business had revenue of C$572.14 million during the quarter, compared to analysts’ expectations of C$612.00 million. Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%.

Insider Buying and Selling at Capstone Copper

In related news, Director John Mackenzie sold 49,000 shares of Capstone Copper stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$9.65, for a total transaction of C$473,075.40. Also, Director Darren Murvin Pylot sold 500,000 shares of the business’s stock in a transaction dated 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. In the last 90 days, insiders have sold 843,250 shares of company stock valued at $8,656,280. 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.