Capstone Copper Corp. (TSE:CS) received an average rating of “Moderate Buy” from five brokerage firms currently covering the company, according to Marketbeat. Analysts have indicated a mixed outlook, with two recommending a hold, two suggesting a buy, and one assigning a strong buy rating. The average target price for the stock is now set at C$16.00.
Several brokerages have recently revised their price targets for Capstone Copper. BMO Capital Markets raised its price objective from C$13.00 to C$14.00 in a report dated October 15, 2023. Following suit, TD Securities increased their target from C$10.00 to C$14.00 on October 21, 2023. Jefferies Financial Group set a price target of C$15.00 in a note issued on October 6, 2023. Additionally, the Royal Bank of Canada upped its price objective from C$15.00 to C$17.00 on December 10, 2023, while National Bankshares increased its target from C$15.00 to C$16.50 and awarded the company an “outperform” rating on December 11, 2023.
Company Performance and Financial Overview
Capstone Copper last reported its earnings on October 30, 2023, revealing an earnings per share (EPS) of C$0.32 for the quarter. The company recorded a negative return on equity of 0.74% and a net margin of 1.47%. Total revenues for the quarter amounted to C$833.28 million. Analysts anticipate that Capstone Copper will post an EPS of approximately 0.85 for the current fiscal year.
Capstone Copper Corp. is engaged in the exploration, development, and mining of mineral properties across the Americas. The company operates mines in the United States, Mexico, and Canada, with development projects underway in Chile and Canada. While Capstone primarily focuses on copper production, it also extracts zinc, lead, molybdenum, silver, and gold.
As the market continues to react to these adjustments, investors will be closely monitoring Capstone Copper’s performance and strategic direction in the coming months.
