Capstone Mining Corp Expected to Post FY2017 Earnings of $0.13 Per Share (CS)
Capstone Mining Corp (TSE:CS) – Cormark lowered their FY2017 EPS estimates for Capstone Mining Corp in a note issued to investors on Wednesday. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings per share of $0.13 for the year, down from their prior forecast of $0.14. Cormark also issued estimates for Capstone Mining Corp’s Q1 2018 earnings at $0.06 EPS, Q2 2018 earnings at $0.06 EPS, Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.06 EPS and FY2018 earnings at $0.22 EPS.
CS has been the subject of a number of other reports. Scotiabank reissued an “outperform” rating and issued a C$1.50 price target on shares of Capstone Mining Corp in a report on Tuesday, August 1st. BMO Capital Markets reissued an “outperform” rating and issued a C$2.00 price target on shares of Capstone Mining Corp in a report on Thursday, July 13th. Eight Capital reissued a “buy” rating on shares of Capstone Mining Corp in a report on Thursday, August 17th. Finally, National Bank Financial upped their price target on shares of Capstone Mining Corp from C$1.45 to C$1.60 and gave the company a “sector perform” rating in a report on Tuesday, August 1st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$1.56.
Capstone Mining Corp (TSE CS) opened at 1.37 on Friday. The firm’s 50-day moving average is $1.28 and its 200 day moving average is $1.13. The stock’s market capitalization is $536.09 million. Capstone Mining Corp has a 12-month low of $0.68 and a 12-month high of $1.81.
In other news, insider Grm Investments Ltd. acquired 500,000 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were purchased at an average price of C$0.81 per share, for a total transaction of C$405,000.00. Also, insider George Leslie Brack acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was purchased at an average price of C$0.80 per share, for a total transaction of C$80,000.00. Insiders bought a total of 866,000 shares of company stock worth $721,740 in the last quarter.
About Capstone Mining Corp
Capstone Mining Corp. is a Canada-based mining company. The Company is engaged in the production of and exploration for base metals in the United States, Mexico, Canada and Chile, with a focus on copper. The Company’s segments include individual mining operations of Pinto Valley (the United States), Cozamin (Mexico), Minto (Canada), Santo Domingo development project (Chile) and other.
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