Scotiabank Predicts Increased Earnings for Capstone Copper

Key Points

• Scotiabank raised its FY2027 EPS forecast for Capstone Copper to $0.79 from $0.76, though that remains below the $0.85 consensus estimate.
• Capstone reported quarterly EPS of C$0.17 and revenue of C$1.01 billion. Its return on equity was 9.18%, with an 11.65% net margin.
• Analyst sentiment is broadly positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of C$17.06. The stock was down 6.5% and opened at C$10.74 on Friday.

Capstone Copper Corp. (TSE:CS - Free Report) - Equities research analysts at Scotiabank increased their FY2027 earnings per share (EPS) estimates for shares of Capstone Copper in a research 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.

Capstone Copper (TSE:CS - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The mining company reported C$0.17 EPS for the quarter. The firm had revenue of C$1.01 billion during the quarter. Capstone Copper had a return on equity of 9.18% and a net margin of 11.65%.

Several other brokerages have also recently issued reports on CS. National Bank Financial lifted their target price on Capstone Copper from C$15.00 to C$15.50 and gave the company an "outperform" rating in a research report on Monday, November 2nd. Raymond James Financial lowered their price target on 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 Capstone Copper to a "strong-buy" rating in a research note on Tuesday, August 11th. Barclays raised shares of Capstone Copper to a "hold" rating in a report on Wednesday, October 14th. Finally, The Goldman Sachs Group upgraded shares of Capstone Copper from a "hold" rating to a "buy" rating and upped their target price for the stock from C$15.00 to C$18.00 in a research note on Monday, August 31st. Two equities research 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 stock. According to MarketBeat.com, Capstone Copper has a consensus rating of "Moderate Buy" and an average target price of C$17.06.

Capstone Copper Stock Down 6.5%

CS stock opened at C$10.74 on Friday. Capstone Copper has a twelve month low of C$9.30 and a twelve month high of C$18.04. The company has a quick ratio of 0.98, a current ratio of 0.96 and a debt-to-equity ratio of 32.92. The stock's 50 day moving average is C$13.15 and its 200-day moving average is C$13.35. The firm has a market capitalization of C$8.23 billion, a PE ratio of 25.57, a P/E/G ratio of -0.09 and a beta of 2.00.

Insider Buying and Selling at Capstone Copper

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

About Capstone Copper

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.

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