Q3 2024 Earnings Forecast for Capstone Copper Corp. Issued By Raymond James (TSE:CS)

Capstone Copper Corp. (TSE:CS) – Analysts at Raymond James issued their Q3 2024 earnings estimates for shares of Capstone Copper in a report issued on Monday, September 23rd. Raymond James analyst F. Hamed expects that the mining company will post earnings per share of $0.05 for the quarter. 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 $0.89 per share. Raymond James also issued estimates for Capstone Copper’s Q4 2024 earnings at $0.16 EPS, Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.23 EPS and Q4 2025 earnings at $0.23 EPS.

Capstone Copper (TSE:CS) last posted its quarterly earnings data on Thursday, August 1st. The mining company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.02). Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%. The business had revenue of C$537.85 million for the quarter, compared to the consensus estimate of C$545.84 million.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets raised their target price on shares of Capstone Copper from C$11.00 to C$11.50 in a report on Friday, August 2nd. Eight Capital raised their target price on shares of Capstone Copper from C$12.50 to C$14.00 in a report on Thursday, July 11th. Scotiabank decreased their target price on shares of Capstone Copper from C$13.00 to C$12.00 in a report on Monday, August 19th. Jefferies Financial Group raised their target price on shares of Capstone Copper from C$13.00 to C$14.00 in a report on Friday, July 12th. Finally, CIBC raised their target price on shares of Capstone Copper from C$10.50 to C$12.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$12.57.

Capstone Copper Stock Performance

TSE:CS opened at C$10.26 on Thursday. Capstone Copper has a twelve month low of C$4.40 and a twelve month high of C$11.51. The company has a current ratio of 0.94, a quick ratio of 0.98 and a debt-to-equity ratio of 40.10. The company has a 50-day moving average of C$9.09 and a 200-day moving average of C$9.35. The firm has a market cap of C$7.72 billion, a price-to-earnings ratio of -48.86, a price-to-earnings-growth ratio of -0.09 and a beta of 2.15.

Insider Activity at Capstone Copper

In other Capstone Copper news, Director Humberto Antonio Fernandois sold 29,906 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$9.26, for a total transaction of C$276,977.41. In other Capstone Copper news, Director Darren Murvin Pylot sold 283,954 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of C$9.96, for a total transaction of C$2,828,181.84. Also, Director Humberto Antonio Fernandois sold 29,906 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$9.26, for a total transaction of C$276,977.41. Over the last quarter, insiders have sold 374,079 shares of company stock valued at $3,661,864. 15.51% 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.