Cormark Comments on Capstone Copper Corp.’s Q3 2024 Earnings (TSE:CS)

Capstone Copper Corp. (TSE:CS) – Research analysts at Cormark upped their Q3 2024 earnings estimates for Capstone Copper in a note issued to investors on Tuesday, May 7th. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings of $0.25 per share for the quarter, up from their prior estimate of $0.18. The consensus estimate for Capstone Copper’s current full-year earnings is $0.33 per share. Cormark also issued estimates for Capstone Copper’s Q4 2024 earnings at $0.33 EPS, Q1 2025 earnings at $0.27 EPS, Q2 2025 earnings at $0.27 EPS, Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.27 EPS and FY2026 earnings at $1.21 EPS.

Several other brokerages also recently commented on CS. National Bankshares raised their price objective on Capstone Copper from C$10.50 to C$11.50 and gave the stock an “outperform” rating in a research note on Monday. Eight Capital lifted their price objective on Capstone Copper from C$11.00 to C$12.50 and gave the company a “buy” rating in a report on Friday, May 3rd. Stifel Canada reissued a “buy” rating on shares of Capstone Copper in a research note on Monday, March 25th. Jefferies Financial Group set a C$13.00 target price on shares of Capstone Copper and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, BMO Capital Markets upped their price objective on Capstone Copper from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Capstone Copper presently has a consensus rating of “Buy” and a consensus price target of C$11.25.

Capstone Copper Trading Down 2.7 %

TSE CS opened at C$10.10 on Thursday. Capstone Copper has a 12 month low of C$4.40 and a 12 month high of C$10.59. The stock has a 50-day simple moving average of C$8.73 and a 200 day simple moving average of C$6.95. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 44.25. The company has a market capitalization of C$7.60 billion, a PE ratio of -48.10, a P/E/G ratio of -0.09 and a beta of 2.36.

Capstone Copper (TSE:CS) last announced its quarterly earnings data on Thursday, February 22nd. The mining company reported C$0.02 earnings per share for the quarter, meeting the consensus estimate of C$0.02. Capstone Copper had a negative net margin of 7.56% and a negative return on equity of 3.99%. The business had revenue of C$481.57 million for the quarter.

Insider Activity

In other Capstone Copper news, Director Darren Murvin Pylot sold 83,600 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$8.14, for a total value of C$680,228.12. In other Capstone Copper news, Director Gordon James Bell acquired 20,000 shares of Capstone Copper stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of C$7.06 per share, with a total value of C$141,140.00. Also, Director Darren Murvin Pylot sold 83,600 shares of Capstone Copper stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$8.14, for a total value of C$680,228.12. Corporate insiders own 15.95% 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.