Stifel Canada Reduces Earnings Estimates for Capstone Copper

Capstone Copper Corp. (TSE:CS) – Equities researchers at Stifel Canada dropped their FY2024 earnings estimates for Capstone Copper in a research note issued on Sunday, December 15th. Stifel Canada analyst M. Tapscott now expects that the mining company will post earnings per share of $0.20 for the year, down from their prior forecast of $0.29. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share. Stifel Canada also issued estimates for Capstone Copper’s FY2025 earnings at $0.57 EPS and FY2026 earnings at $0.74 EPS.

Several other research firms have also recently weighed in on CS. Raymond James set a C$12.00 price target on shares of Capstone Copper and gave the company an “outperform” rating in a report on Tuesday, September 3rd. Canaccord Genuity Group lowered their target price on Capstone Copper from C$14.00 to C$12.50 in a research note on Monday, November 25th. CIBC boosted their price target on Capstone Copper from C$12.00 to C$12.50 in a research note on Monday, November 25th. Royal Bank of Canada lowered their price objective on Capstone Copper from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Finally, Scotiabank lifted their target price on Capstone Copper from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Thirteen investment 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, Capstone Copper currently has an average rating of “Buy” and a consensus target price of C$12.77.

Capstone Copper Price Performance

Shares of TSE CS opened at C$8.90 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10. The business’s 50 day moving average price is C$9.94 and its two-hundred day moving average price is C$9.61. The company has a market cap of C$6.70 billion, a PE ratio of -42.38, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. Capstone Copper has a twelve month low of C$5.97 and a twelve month high of C$11.51.

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

Insiders Place Their Bets

In other Capstone Copper news, Director John Mackenzie sold 49,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$9.65, for a total value of C$473,075.40. Also, Director Darren Murvin Pylot sold 44,250 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$9.60, for a total value of C$424,804.43. Insiders sold 1,227,204 shares of company stock valued at $12,589,452 over the last ninety days. 15.37% of the stock is currently owned by insiders.

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.