Raymond James Lowers Earnings Estimates for Capstone Copper

Capstone Copper Corp. (TSE:CS) – Stock analysts at Raymond James cut their FY2024 earnings per share (EPS) estimates for Capstone Copper in a report released on Monday, November 25th. Raymond James analyst F. Hamed now expects that the mining company will post earnings of $0.17 per share for the year, down from their prior forecast of $0.18. Raymond James currently has a “Outperform” rating and a $12.00 target price on the stock. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share. Raymond James also issued estimates for Capstone Copper’s Q4 2024 earnings at $0.10 EPS, Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.21 EPS and FY2025 earnings at $0.78 EPS.

Several other research analysts also recently weighed in on CS. National Bankshares boosted their price target on Capstone Copper from C$12.75 to C$13.75 and gave the company an “outperform” rating in a report on Tuesday, October 15th. CIBC increased their target price on Capstone Copper from C$12.00 to C$12.50 in a research report on Monday. Canaccord Genuity Group decreased their price target on Capstone Copper from C$14.00 to C$12.50 in a research note on Monday. Scotiabank upped their price objective on shares of Capstone Copper from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Eight Capital raised their target price on shares of Capstone Copper from C$14.00 to C$15.00 in a research report on Friday. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$12.84.

Capstone Copper Stock Performance

Shares of CS opened at C$9.84 on Tuesday. Capstone Copper has a 1 year low of C$5.26 and a 1 year high of C$11.51. The company’s 50 day simple moving average is C$10.15 and its 200 day simple moving average is C$9.74. The company has a market capitalization of C$7.41 billion, a price-to-earnings ratio of -46.86, a PEG 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.

Capstone Copper (TSE:CS) last released 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 firm had revenue of C$572.14 million during 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%.

Insider Buying and Selling at Capstone Copper

In other news, Director Darren Murvin Pylot sold 100,000 shares of Capstone Copper stock in a transaction that occurred 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 60,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$9.25, for a total transaction of C$554,880.00. Insiders have sold a total of 974,079 shares of company stock valued at $10,016,304 over 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.