Scotiabank Cuts Earnings Estimates for Capstone Copper

Key Points

• Scotiabank lowered Capstone Copper’s FY2026 EPS estimate to $0.61 from $0.64, while maintaining a “Sector Outperform” rating and an $18.00 price target. The bank forecasts FY2027 EPS of $0.73, below the current FY2026 consensus estimate of $0.85.
• Analyst sentiment remains broadly positive, with the stock carrying an average “Buy” rating and an average target price of C$16.71 from MarketBeat-tracked analysts.
• Capstone Copper shares opened at C$13.96 after a reported 4% decline. Insider Cashel Aran Meagher also sold 52,994 shares worth approximately C$767,000, reducing his ownership by 16.98%.

Capstone Copper Corp. (TSE:CS - Free Report) - Analysts at Scotiabank cut their FY2026 earnings per share estimates for Capstone Copper in a research note issued on Friday, September 25th. Scotiabank analyst O. Wowkodaw now expects that the mining company will post earnings per share of $0.61 for the year, down from their prior estimate of $0.64. Scotiabank has a "Sector Outperform" rating and a $18.00 price target on the stock. The consensus estimate for Capstone Copper's current full-year earnings is $0.85 per share. Scotiabank also issued estimates for Capstone Copper's FY2027 earnings at $0.73 EPS.

CS has been the topic of several other research reports. National Bank Financial raised their price objective on shares of Capstone Copper from C$14.00 to C$16.50 and gave the company an "outperform" rating in a research report on Tuesday, July 14th. Desjardins set a C$16.00 price target on shares of Capstone Copper and gave the company a "hold" rating in a report on Tuesday, September 22nd. The Goldman Sachs Group raised shares of Capstone Copper from a "hold" rating to a "buy" rating and lifted their price objective for the company from C$15.00 to C$18.00 in a research note on Monday, August 31st. Raymond James Financial increased their target price on shares of Capstone Copper from C$18.50 to C$19.00 and gave the stock an "outperform" rating in a research report on Friday, September 4th. Finally, Citigroup upgraded Capstone Copper to a "strong-buy" rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of C$16.71.

Capstone Copper Stock Down 4.0%

Shares of Capstone Copper stock opened at C$13.96 on Tuesday. The firm has a market cap of C$10.66 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of -0.09 and a beta of 2.21. The stock has a 50-day simple moving average of C$14.76 and a 200-day simple moving average of C$13.35. Capstone Copper has a 52-week low of C$9.30 and a 52-week high of C$18.04. The company has a debt-to-equity ratio of 41.76, a current ratio of 1.24 and a quick ratio of 0.98.

Capstone Copper (TSE:CS - Get Free Report) last issued its earnings results on Thursday, July 30th. The mining company reported C$0.19 earnings per share for the quarter. Capstone Copper had a return on equity of 13.69% and a net margin of 17.67%.The company had revenue of C$1.05 billion for the quarter.

Insider Buying and Selling

In other news, insider Cashel Aran Meagher sold 52,994 shares of Capstone Copper stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of C$14.48, for a total value of C$767,353.12. Following the transaction, the insider owned 259,112 shares of the company's stock, valued at C$3,751,941.76. This trade represents a 16.98% decrease in their ownership of the stock. 15.37% of the stock is currently owned by company insiders.

About Capstone Copper

Capstone Copper Corp is a company that mines, explores, and develops mineral properties in the Americas. Specifically, the group has operating mines in the US, Mexico, and Canada, and development projects in Chile and Canada. Capstone's main focus is copper, but the company also produces zinc, lead, molybdenum, silver, and gold.

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