Capstone Mining Corp (TSE:CS) – Equities researchers at Cormark decreased their FY2017 earnings estimates for Capstone Mining in a report released on Thursday. Cormark analyst S. Ioannou now expects that the mining company will post earnings per share of $0.20 for the year, down from their previous forecast of $0.23. Cormark also issued estimates for Capstone Mining’s Q4 2017 earnings at $0.11 EPS, FY2018 earnings at $0.26 EPS and FY2019 earnings at $0.30 EPS.
Other analysts have also recently issued reports about the company. Scotiabank dropped their price target on Capstone Mining from C$2.25 to C$2.00 and set an “outperform” rating for the company in a report on Thursday. CSFB lifted their price target on Capstone Mining from C$1.25 to C$1.60 and gave the stock a “neutral” rating in a report on Thursday. Eight Capital lifted their price target on Capstone Mining from C$1.50 to C$1.90 in a report on Thursday, October 12th. BMO Capital Markets reissued an “outperform” rating and set a C$2.00 price target on shares of Capstone Mining in a report on Thursday, October 12th. Finally, National Bank Financial lifted their price target on Capstone Mining from C$1.60 to C$1.90 and gave the stock a “sector perform” rating in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$1.94.
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About Capstone Mining
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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