Capstone Copper (TSE:CS) Issues Quarterly Earnings Results, Misses Estimates By $0.07 EPS

by · The Cerbat Gem

Capstone Copper (TSE:CS – Get Free Report) released its quarterly earnings results on Thursday. The mining company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07), reports. The firm had revenue of C$572.14 million during the quarter, compared to analyst estimates of C$612.00 million. Capstone Copper had a negative net margin of 1.47% and a negative return on equity of 1.24%.

Capstone Copper Stock Up 1.1 %

Capstone Copper stock opened at C$9.74 on Friday. Capstone Copper has a twelve month low of C$4.40 and a twelve month high of C$11.51. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 40.10. The company has a 50 day moving average of C$9.87 and a 200-day moving average of C$9.70. The stock has a market capitalization of C$7.33 billion, a PE ratio of -46.38, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14.

Analyst Ratings Changes

Several analysts have recently commented on CS shares. Jefferies Financial Group increased their target price on Capstone Copper from C$13.00 to C$14.00 in a report on Friday, July 12th. BMO Capital Markets raised their price objective on shares of Capstone Copper from C$11.00 to C$11.50 in a research report on Friday, August 2nd. National Bankshares upped their target price on shares of Capstone Copper from C$12.75 to C$13.75 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Raymond James set a C$12.00 price target on shares of Capstone Copper and gave the company an “outperform” rating in a report on Tuesday, September 3rd. Finally, Stifel Nicolaus upped their price objective on Capstone Copper from C$11.50 to C$12.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$12.84.

Check Out Our Latest Stock Report on CS

Insider Buying and Selling

In related news, Director Humberto Antonio Fernandois sold 60,000 shares of Capstone Copper stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$9.25, for a total value of C$554,880.00. In related news, Director Darren Murvin Pylot sold 100,000 shares of Capstone Copper stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$11.05, for a total value of C$1,104,990.00. Also, Director Humberto Antonio Fernandois sold 60,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$9.25, for a total value of C$554,880.00. In the last ninety days, insiders sold 474,079 shares of company stock valued at $4,766,854. Company insiders own 15.37% of the company’s stock.

About Capstone Copper

(Get Free Report)

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.

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