Capstone Copper Corp. (TSE:CS) Expected to Earn Q3 2024 Earnings of $0.05 Per Share

Capstone Copper Corp. (TSE:CS) – Equities researchers at Raymond James issued their Q3 2024 earnings estimates for shares of Capstone Copper in a research note issued to investors on Monday, September 23rd. Raymond James analyst F. Hamed anticipates that the mining company will post earnings of $0.05 per share for the quarter. Raymond James currently has a “Outperform” rating and a $12.00 price objective on the stock. The consensus estimate for Capstone Copper’s current full-year earnings is $0.88 per share. Raymond James also issued estimates for Capstone Copper’s Q4 2024 earnings at $0.16 EPS, Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.23 EPS and Q4 2025 earnings at $0.23 EPS.

Capstone Copper (TSE:CS) last issued its earnings results on Thursday, August 1st. The mining company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.02). Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. The company had revenue of C$537.85 million for the quarter, compared to analyst estimates of C$545.84 million.

Several other analysts have also weighed in on CS. Stifel Nicolaus upped their target price on Capstone Copper from C$11.50 to C$12.00 and gave the company a “buy” rating in a report on Monday, July 22nd. TD Securities raised their target price on shares of Capstone Copper from C$11.00 to C$12.00 in a report on Monday, July 22nd. National Bankshares upped their price target on shares of Capstone Copper from C$12.00 to C$12.75 and gave the company an “outperform” rating in a report on Monday, July 15th. Scotiabank lowered their price target on shares of Capstone Copper from C$13.00 to C$12.00 in a research report on Monday, August 19th. Finally, Royal Bank of Canada cut their price objective on Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$12.57.

Capstone Copper Price Performance

Shares of TSE:CS opened at C$10.77 on Thursday. Capstone Copper has a 12 month low of C$4.40 and a 12 month high of C$11.51. The firm has a market capitalization of C$8.11 billion, a price-to-earnings ratio of -53.85, a price-to-earnings-growth ratio of -0.09 and a beta of 2.15. The business’s 50 day simple moving average is C$9.16 and its 200-day simple moving average is C$9.38. 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 Humberto Antonio Fernandois sold 29,906 shares of the business’s stock in a transaction that occurred 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. In other news, Director Darren Murvin Pylot sold 100,000 shares of the business’s 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 have sold 474,079 shares of company stock valued at $4,766,854 in the last three months. Corporate insiders own 15.41% of the company’s stock.

Capstone Copper Company Profile

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.