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

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