Cormark Analysts Boost Earnings Estimates for Capstone Copper Corp. (TSE:CS)

Capstone Copper Corp. (TSE:CS) – Equities research analysts at Cormark increased their Q3 2024 EPS estimates for shares of Capstone Copper in a research note issued on Tuesday, May 7th. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings per share of $0.25 for the quarter, up from their prior forecast 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.

A number of other research analysts also recently weighed in on CS. Canaccord Genuity Group raised their price objective on Capstone Copper from C$9.50 to C$13.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Eight Capital upped their price objective on shares of Capstone Copper from C$11.00 to C$12.50 and gave the stock a “buy” rating in a report on Friday, May 3rd. Stifel Nicolaus set a C$9.00 target price on shares of Capstone Copper and gave the stock a “buy” rating in a report on Tuesday, March 26th. TD Securities upped their price target on shares of Capstone Copper from C$8.50 to C$9.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, CIBC lifted their price objective on Capstone Copper from C$8.00 to C$10.50 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$11.25.

Capstone Copper Stock Performance

TSE:CS opened at C$10.56 on Thursday. Capstone Copper has a twelve month low of C$4.40 and a twelve month high of C$10.60. The company has a 50-day moving average of C$8.79 and a 200-day moving average of C$6.98. The firm has a market cap of C$7.95 billion, a price-to-earnings ratio of -50.29, a price-to-earnings-growth ratio of -0.09 and a beta of 2.36. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 44.25.

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

Insider Activity at Capstone Copper

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

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.