Capstone Copper Corp. (TSE:CS) has received an average rating of “Moderate Buy” from five brokerages currently covering the company, according to Marketbeat. This rating reflects a mix of opinions, with two analysts recommending a hold, two suggesting a buy, and one issuing a strong buy recommendation. The average target price for the stock over the next year is set at C$16.00.
Several financial institutions have recently updated their assessments of Capstone Copper’s stock. On October 15, 2023, BMO Capital Markets raised its price objective for the company from C$13.00 to C$14.00. Shortly after, on October 21, TD Securities increased its target from C$10.00 to C$14.00 in a report. Furthermore, on October 6, Jefferies Financial Group established a price target of C$15.00 for Capstone Copper shares.
The Royal Bank of Canada contributed to the positive outlook by raising its price target from C$15.00 to C$17.00 on December 10, and National Bankshares subsequently increased its target from C$15.00 to C$16.50, assigning an “outperform” rating in their report on December 11.
Recent Earnings and Company Overview
Capstone Copper released its latest earnings results on October 30, 2023, reporting earnings per share (EPS) of C$0.32 for the quarter. Despite this positive figure, the company experienced a negative return on equity of 0.74% and a negative net margin of 1.47%. Revenue for the quarter stood at C$833.28 million.
Looking ahead, analysts predict that Capstone Copper will achieve an EPS of approximately 0.85 for the current fiscal year.
Capstone Copper Corp. is primarily engaged in the mining, exploration, and development of mineral properties across the Americas. The company operates mines in the United States, Mexico, and Canada, while also pursuing development projects in Chile and Canada. Although copper is the main focus, Capstone also produces other metals such as zinc, lead, molybdenum, silver, and gold.
Investors and analysts will continue to monitor the performance and strategic moves of Capstone Copper as it navigates the fluctuating market conditions in the mining sector.
