FY2024 EPS Forecast for Capstone Copper Lowered by Analyst

Capstone Copper Corp. (TSE:CS) – Equities researchers at Scotiabank reduced their FY2024 EPS estimates for shares of Capstone Copper in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now anticipates that the mining company will earn $0.16 per share for the year, down from their prior forecast of $0.24. Scotiabank currently has a “Outperform” rating and a $13.00 target price on the stock. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share.

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). Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. The firm had revenue of C$572.14 million during the quarter, compared to analysts’ expectations of C$612.00 million.

A number of other brokerages have also weighed in on CS. TD Securities increased their target price on shares of Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. National Bankshares increased their price target on shares of Capstone Copper from C$12.75 to C$13.75 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Canaccord Genuity Group decreased their target price on shares of Capstone Copper from C$14.00 to C$12.50 in a report on Monday, November 25th. Eight Capital boosted their price target on shares of Capstone Copper from C$14.00 to C$15.00 in a research report on Friday, November 22nd. Finally, CIBC boosted their target price on Capstone Copper from C$12.00 to C$12.50 in a research report on Monday, November 25th. Thirteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Capstone Copper has an average rating of “Buy” and a consensus target price of C$12.77.

Capstone Copper Stock Down 2.1 %

CS stock opened at C$8.80 on Thursday. Capstone Copper has a fifty-two week low of C$5.97 and a fifty-two week high of C$11.51. The stock has a fifty day moving average of C$9.45 and a 200-day moving average of C$9.56. The company has a market capitalization of C$6.62 billion, a price-to-earnings ratio of -41.90, 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.

Insider Buying and Selling

In related news, Director Darren Murvin Pylot sold 500,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$10.50, for a total transaction of C$5,249,450.00. Also, Director John Mackenzie sold 49,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$9.65, for a total value of C$473,075.40. Insiders have sold 843,250 shares of company stock valued at $8,656,280 over the last quarter. 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.