Research Analysts Issue Forecasts for Capstone Mining Corp’s FY2019 Earnings (CS)
Capstone Mining Corp (TSE:CS) – Equities researchers at National Bank Financial cut their FY2019 EPS estimates for Capstone Mining in a report released on Sunday, January 13th. National Bank Financial analyst S. Nagle now anticipates that the mining company will post earnings of $0.00 per share for the year, down from their prior estimate of $0.09. National Bank Financial currently has a “Sector Perform” rating and a $0.85 target price on the stock. National Bank Financial also issued estimates for Capstone Mining’s FY2020 earnings at $0.04 EPS.
Capstone Mining (TSE:CS) last posted its quarterly earnings results on Tuesday, October 30th. The mining company reported C$0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.02 by C($0.01). The business had revenue of C$147.29 million during the quarter, compared to analysts’ expectations of C$145.60 million.
CS stock opened at C$0.62 on Wednesday. Capstone Mining has a 12-month low of C$0.48 and a 12-month high of C$1.56. The company has a quick ratio of 0.94, a current ratio of 2.55 and a debt-to-equity ratio of 26.02.
In other Capstone Mining news, insider George Leslie Brack purchased 200,000 shares of the business’s stock in a transaction that occurred on Thursday, December 13th. The shares were acquired at an average price of C$0.51 per share, for a total transaction of C$102,000.00. Also, insider Grm Investments Ltd. purchased 7,302,000 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The stock was acquired at an average price of C$0.65 per share, for a total transaction of C$4,746,300.00.
About Capstone Mining
Capstone Mining Corp. engages in the exploration and production of base metals in the United States, Mexico, and Canada. The company explores for copper, molybdenum, silver, zinc, lead, and gold deposits. It holds interests in the Pinto Valley, an open pit copper mine located in Arizona, the United States; the Cozamin, an underground, copper-silver mine located in the state of Zacatecas, Mexico; and the Minto, an open pit copper mine located in Yukon, Canada.
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