Cormark Forecasts Capstone Copper’s FY2024 Earnings (TSE:CS)

Capstone Copper Corp. (TSE:CS) – Equities researchers at Cormark dropped their FY2024 EPS estimates for shares of Capstone Copper in a note issued to investors on Tuesday, November 5th. Cormark analyst S. Ioannou now expects that the mining company will post earnings per share of $0.30 for the year, down from their prior forecast of $0.44. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share. Cormark also issued estimates for Capstone Copper’s FY2025 earnings at $1.17 EPS.

Capstone Copper (TSE:CS) last announced its earnings results 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 business had revenue of C$572.14 million for 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%.

Other equities research analysts have also recently issued research reports about the company. Eight Capital raised their target price on Capstone Copper from C$12.50 to C$14.00 in a research note on Thursday, July 11th. Raymond James set a C$12.00 price objective on Capstone Copper and gave the company an “outperform” rating in a research note on Tuesday, September 3rd. Jefferies Financial Group increased their price objective on Capstone Copper from C$13.00 to C$14.00 in a research report on Friday, July 12th. Canaccord Genuity Group cut their price target on Capstone Copper from C$15.00 to C$14.00 in a research note on Monday. Finally, BMO Capital Markets lifted their price objective on shares of Capstone Copper from C$11.00 to C$11.50 in a research report on Friday, August 2nd. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$12.84.

Capstone Copper Stock Down 1.5 %

CS opened at C$9.96 on Thursday. The company has a 50-day moving average price of C$9.87 and a 200 day moving average price of C$9.71. Capstone Copper has a twelve month low of C$4.40 and a twelve month high of C$11.51. The company has a market cap of C$7.50 billion, a PE ratio of -47.43, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10.

Insider Activity at Capstone Copper

In other Capstone Copper news, Director Humberto Antonio Fernandois sold 29,906 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$9.26, for a total value of C$276,977.41. In related news, Director Darren Murvin Pylot sold 100,000 shares of Capstone Copper stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$11.05, for a total transaction of C$1,104,990.00. Also, Director Humberto Antonio Fernandois sold 29,906 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$9.26, for a total transaction of C$276,977.41. Insiders sold 474,079 shares of company stock valued at $4,766,854 in the last ninety 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.