Cormark Has Negative View of Capstone Copper FY2024 Earnings

Capstone Copper Corp. (TSE:CS) – Research analysts at Cormark decreased their FY2024 earnings per share estimates for Capstone Copper in a report issued on Wednesday, January 22nd. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings per share of $0.23 for the year, down from their previous forecast of $0.31. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share. Cormark also issued estimates for Capstone Copper’s Q4 2024 earnings at $0.14 EPS and FY2025 earnings at $1.07 EPS.

A number of other brokerages have also issued reports on CS. Scotiabank cut their target price on Capstone Copper from C$12.00 to C$11.00 in a research report on Tuesday. Eight Capital upped their price objective on shares of Capstone Copper from C$14.00 to C$15.00 in a research note on Friday, November 22nd. Paradigm Capital set a C$12.00 target price on shares of Capstone Copper and gave the stock a “buy” rating in a research report on Thursday, November 28th. Canaccord Genuity Group cut their price target on shares of Capstone Copper from C$14.00 to C$12.50 in a report on Monday, November 25th. Finally, CIBC raised their price objective on shares of Capstone Copper from C$12.00 to C$12.50 in a research note on Monday, November 25th. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$12.60.

Capstone Copper Price Performance

TSE CS opened at C$8.27 on Friday. The stock has a market capitalization of C$6.23 billion, a P/E ratio of -39.38, a P/E/G ratio of -0.09 and a beta of 2.14. The company has a debt-to-equity ratio of 40.10, a quick ratio of 0.98 and a current ratio of 0.94. The business’s fifty day moving average is C$9.19 and its two-hundred day moving average is C$9.48. Capstone Copper has a 1 year low of C$6.23 and a 1 year high of C$11.51.

Capstone Copper (TSE:CS) last announced its quarterly earnings data on Thursday, October 31st. The mining company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.11 by C($0.07). Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. The business had revenue of C$572.14 million during the quarter, compared to analyst estimates of C$612.00 million.

Insider Buying and Selling

In other Capstone Copper news, Director John Mackenzie sold 49,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$9.65, for a total transaction of C$473,075.40. Also, Director Darren Murvin Pylot sold 250,000 shares of Capstone Copper stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of C$10.04, for a total transaction of C$2,508,950.00. Over the last quarter, insiders have sold 843,250 shares of company stock worth $8,656,280. 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.