CORRECTED-BUZZ-Australian shares of Capstone Copper hit over 4-month low after Macquarie cuts TP

Reuters01-23

Corrects milestone in headline to 4-month low, from 4-month high

** Australia-listed shares of Capstone Copper CSC.AX fall 4.4% to A$9.27, their lowest level since Sept. 11

** The Canadian copper producer has released lower-than-expected guidance for FY25, estimating consolidated copper production of 220-255kt, the midpoint (237.5kt) being 5% lower than VA estimates of 249.3kt

** Macquarie cuts target price on the stock by 4% to A$11.50 per share from A$12.00

** All three analysts tracking the stock rate it "Buy" or higher, their median PT is A$13.60 – LSEG data

** Stock has fallen 5.5% so far in 2025

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment