Capstone Copper FY2024 EPS Estimate Lowered by Stifel Canada

Capstone Copper Corp. (TSE:CS) – Investment analysts at Stifel Canada dropped their FY2024 earnings per share (EPS) estimates for shares of Capstone Copper in a research report issued to clients and investors on Sunday, December 15th. Stifel Canada analyst M. Tapscott now expects that the mining company will earn $0.20 per share 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 posted its quarterly earnings data on Thursday, October 31st. The mining company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). The firm had revenue of C$572.14 million during the quarter, compared to the consensus estimate 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 analysts also recently weighed in on the company. Raymond James set a C$12.00 price target on Capstone Copper and gave the stock an “outperform” rating in a research note on Tuesday, September 3rd. Citigroup raised shares of Capstone Copper to a “strong-buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada cut their target price on Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. National Bankshares upped their target price on shares of 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. Finally, TD Securities lifted their target price 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. Thirteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Capstone Copper currently has a consensus rating of “Buy” and a consensus target price of C$12.77.

Capstone Copper Trading Down 0.6 %

TSE:CS opened at C$8.90 on Tuesday. Capstone Copper has a one year low of C$5.97 and a one year high of C$11.51. The company’s 50-day simple moving average is C$9.94 and its 200 day simple moving average is C$9.61. The firm has a market capitalization of C$6.70 billion, a P/E ratio of -42.38, a PEG ratio of -0.09 and a beta of 2.14. The company has a debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98.

Insider Activity

In other Capstone Copper news, Director Darren Murvin Pylot sold 100,000 shares of the company’s stock in a transaction 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 company’s 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. In the last 90 days, insiders have sold 1,227,204 shares of company stock valued at $12,589,452. 15.37% of the stock is currently owned by 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.