FY2021 EPS Estimates for Capstone Mining Corp Increased by Cormark (TSE:CS)

Capstone Mining Corp (TSE:CS) – Stock analysts at Cormark increased their FY2021 earnings per share estimates for shares of Capstone Mining in a report released on Thursday, November 7th. Cormark analyst S. Ioannou now anticipates that the mining company will earn $0.22 per share for the year, up from their previous forecast of $0.21.

A number of other research firms have also recently commented on CS. TD Securities lowered their price target on shares of Capstone Mining from C$1.35 to C$0.90 in a report on Monday, July 22nd. CIBC lowered their price target on shares of Capstone Mining from C$0.90 to C$0.80 in a report on Friday, September 6th. National Bank Financial lifted their price target on shares of Capstone Mining from C$0.60 to C$0.75 and gave the stock a “sector perform” rating in a report on Monday, October 21st. BMO Capital Markets lowered their price target on shares of Capstone Mining from C$1.00 to C$0.80 in a report on Thursday. Finally, Haywood Securities cut shares of Capstone Mining from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$0.85 to C$0.70 in a report on Tuesday, July 23rd.

Shares of TSE:CS traded up C$0.01 during mid-day trading on Friday, reaching C$0.60. The company had a trading volume of 708,187 shares, compared to its average volume of 314,683. The company has a current ratio of 2.65, a quick ratio of 1.32 and a debt-to-equity ratio of 23.49. The firm has a market cap of $235.76 million and a price-to-earnings ratio of -4.11. The company’s 50-day moving average price is C$0.55 and its 200-day moving average price is C$0.56. Capstone Mining has a one year low of C$0.41 and a one year high of C$0.73.

In other news, insider George Leslie Brack purchased 200,000 shares of Capstone Mining stock in a transaction dated Friday, August 16th. The stock was purchased at an average cost of C$0.50 per share, for a total transaction of C$99,540.00. Following the transaction, the insider now directly owns 1,705,000 shares of the company’s stock, valued at C$848,578.50. Also, insider Grm Investments Ltd. purchased 2,150,000 shares of Capstone Mining stock in a transaction dated Monday, September 23rd. The shares were purchased at an average price of C$0.58 per share, with a total value of C$1,240,335.00. Following the completion of the transaction, the insider now directly owns 78,243,161 shares in the company, valued at C$45,138,479.58. Insiders purchased a total of 2,450,000 shares of company stock valued at $1,384,345 over the last quarter.

Capstone Mining Company Profile

Capstone Mining Corp. engages in the exploration and production of base metals in the United States, Mexico, Canada, and Chile. The company explores for copper, molybdenum, silver, zinc, lead, iron, and gold deposits. It holds interests in the Pinto Valley, an open pit copper mine located in Arizona, the United States; and the Cozamin, an underground, copper-silver mine located in the state of Zacatecas, Mexico.

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Earnings History and Estimates for Capstone Mining (TSE:CS)

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