Capstone Copper Corp. (TSE:CS) Forecasted to Post Q3 2024 Earnings of $0.18 Per Share

Capstone Copper Corp. (TSE:CS) – Analysts at Cormark dropped their Q3 2024 earnings per share estimates for Capstone Copper in a report issued on Friday, August 16th. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings of $0.18 per share for the quarter, down from their previous estimate of $0.22. The consensus estimate for Capstone Copper’s current full-year earnings is $0.41 per share. Cormark also issued estimates for Capstone Copper’s Q4 2024 earnings at $0.21 EPS, Q1 2025 earnings at $0.30 EPS, Q2 2025 earnings at $0.30 EPS, Q3 2025 earnings at $0.30 EPS and Q4 2025 earnings at $0.30 EPS.

CS has been the subject of several other reports. Scotiabank dropped their target price on shares of Capstone Copper from C$13.00 to C$12.00 in a report on Monday. CIBC raised their price objective on shares of Capstone Copper from C$10.50 to C$12.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. BMO Capital Markets upped their target price on Capstone Copper from C$11.00 to C$11.50 in a research note on Friday, August 2nd. Eight Capital raised their price target on Capstone Copper from C$12.50 to C$14.00 in a research report on Thursday, July 11th. Finally, National Bankshares boosted their price target on Capstone Copper from C$12.00 to C$12.75 and gave the stock an “outperform” rating in a report on Monday, July 15th. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Capstone Copper presently has an average rating of “Buy” and an average target price of C$12.63.

Capstone Copper Trading Down 3.1 %

Shares of CS stock opened at C$9.31 on Monday. The stock has a market cap of C$7.01 billion, a P/E ratio of -44.33, a P/E/G ratio of -0.09 and a beta of 2.16. 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 fifty-two week low of C$4.40 and a fifty-two week high of C$11.51. The business has a fifty day simple moving average of C$9.33 and a 200-day simple moving average of C$8.93.

Insider Activity

In other Capstone Copper news, Director John Mackenzie sold 50,000 shares of Capstone Copper stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of C$10.30, for a total value of C$515,125.00. In other Capstone Copper news, Director John Mackenzie sold 50,000 shares of Capstone Copper stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of C$10.30, for a total value of C$515,125.00. Also, Director Darren Murvin Pylot sold 60,000 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$9.80, for a total value of C$587,766.00. Company insiders own 15.52% 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.