Scotiabank Predicts Increased Earnings for Capstone Copper

Capstone Copper Corp. (TSE:CS) – Equities researchers at Scotiabank raised their FY2027 earnings estimates for shares of Capstone Copper in a note issued to investors on Wednesday, November 11th. Scotiabank analyst O. Wowkodaw now anticipates that the mining company will post earnings of $0.79 per share for the year, up from their prior estimate of $0.76. The consensus estimate for Capstone Copper’s current full-year earnings is $0.85 per share.

Several other analysts have also commented on the stock. Stifel Nicolaus lifted their price objective on shares of Capstone Copper from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Raymond James Financial reduced their target price on shares of Capstone Copper from C$17.00 to C$16.00 and set an “outperform” rating for the company in a research report on Friday, October 30th. Citigroup upgraded shares of Capstone Copper to a “strong-buy” rating in a research note on Tuesday, August 11th. Barclays upgraded shares of Capstone Copper to a “hold” rating in a research note on Wednesday, October 14th. Finally, National Bank Financial lifted their price target on shares of Capstone Copper from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a report on Monday, November 2nd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$17.06.

Capstone Copper Stock Performance

TSE CS opened at C$10.74 on Friday. Capstone Copper has a 52-week low of C$9.30 and a 52-week high of C$18.04. The company has a 50-day simple moving average of C$13.15 and a 200 day simple moving average of C$13.35. The company has a debt-to-equity ratio of 32.92, a quick ratio of 0.98 and a current ratio of 0.96. The company has a market capitalization of C$8.23 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of -0.09 and a beta of 2.00.

Capstone Copper (TSE:CS) last issued its quarterly earnings results on Thursday, October 29th. The mining company reported C$0.17 earnings per share for the quarter. The company had revenue of C$1.01 billion for the quarter. Capstone Copper had a net margin of 11.65% and a return on equity of 9.18%.

Insider Buying and Selling at Capstone Copper

In other news, insider Cashel Aran Meagher sold 52,994 shares of the stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of C$14.48, for a total transaction of C$767,353.12. Following the completion of the transaction, the insider owned 259,112 shares in the company, valued at approximately C$3,751,941.76. This represents a 16.98% decrease in their position. Insiders own 15.37% of the company’s stock.

Capstone Copper Company Profile

Capstone Copper Corp. is an Americas-focused copper mining company headquartered in Vancouver, Canada. Capstone’s operating portfolio of assets includes the Pinto Valley copper mine located in Arizona, USA, the Cozamin copper-silver mine located in Zacatecas, Mexico, the Mantos Blancos copper-silver mine located in the Antofagasta region, Chile, and the Mantoverde copper-gold mine, located in the Atacama region, Chile. Capstone’s growth pipeline includes the fully permitted Santo Domingo copper-iron-gold project, located approximately 35 kilometres northeast of Mantoverde in the Atacama region, Chile, as well as a portfolio of exploration properties in the Americas.