Capstone Copper (CS) to Release Quarterly Earnings on Thursday

Capstone Copper (TSE:CS) is set to issue its quarterly earnings data after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of C$0.06 per share for the quarter.

Capstone Copper (TSE:CS) last released its quarterly earnings results on Thursday, May 2nd. The mining company reported C($0.01) EPS for the quarter. The company had revenue of C$458.23 million for the quarter, compared to analyst estimates of C$461.99 million. Capstone Copper had a negative return on equity of 3.13% and a negative net margin of 6.41%.

Capstone Copper Stock Performance

Capstone Copper stock opened at C$8.86 on Wednesday. The stock’s 50 day moving average price is C$9.61 and its 200 day moving average price is C$8.69. The firm has a market capitalization of C$6.67 billion, a PE ratio of -42.19, a price-to-earnings-growth ratio of -0.09 and a beta of 2.34. The company has a debt-to-equity ratio of 37.44, a quick ratio of 0.98 and a current ratio of 1.03. Capstone Copper has a one year low of C$4.40 and a one year high of C$11.51.

Insider Activity

In other Capstone Copper news, Director Darren Murvin Pylot sold 100,000 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of C$10.75, for a total value of C$1,075,460.00. In other news, Director John Mackenzie sold 50,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of C$10.30, for a total transaction of C$515,125.00. Also, Director Darren Murvin Pylot sold 100,000 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of C$10.75, for a total value of C$1,075,460.00. Insiders sold a total of 239,659 shares of company stock valued at $2,514,835 over the last three months. Insiders own 15.89% of the company’s stock.

Wall Street Analysts Forecast Growth

CS has been the topic of several analyst reports. BMO Capital Markets lifted their price objective on Capstone Copper from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. CIBC lifted their price objective on Capstone Copper from C$10.50 to C$12.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Jefferies Financial Group lifted their price objective on Capstone Copper from C$13.00 to C$14.00 in a report on Friday, July 12th. Canaccord Genuity Group boosted their price target on Capstone Copper from C$13.00 to C$14.00 and gave the company a “buy” rating in a report on Monday, May 13th. Finally, Eight Capital boosted their price target on Capstone Copper from C$12.50 to C$14.00 in a report on Thursday, July 11th. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$12.68.

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.