Capstone Copper (TSE:CS) Announces Earnings Results

Capstone Copper (TSE:CS) announced its quarterly earnings results on Thursday. The mining company reported C$0.17 earnings per share (EPS) for the quarter, FiscalAI reports. Capstone Copper had a return on equity of 13.69% and a net margin of 17.67%. The business had revenue of C$1.01 billion for the quarter.

Here are the key takeaways from Capstone Copper’s conference call:

• Positive Sentiment: Mantoverde Optimized exceeded expectations, reaching approximately 47,000 tons per day in the latest two weeks versus a 45,000-ton-per-day design rate. The company expects continued ramp-up, with BIOX leaching potentially adding production in late Q2 2027.
• Positive Sentiment: Capstone reported record adjusted EBITDA of $358.3 million, up 44% year over year, and maintained more than $1 billion of liquidity. Net leverage fell to 0.4x EBITDA and is expected to reach roughly 0.2x after the Cozamin sale closes.
• Negative Sentiment: The company expects to finish 2026 at the low end of its production guidance and the high end of its cost guidance, reflecting unplanned maintenance at Pinto Valley, lower Mantoverde cathode output, and higher diesel and sulfuric acid costs. Capital expenditure guidance was increased by $40 million, mainly due to capitalized stripping and mine-plan changes.
• Neutral Sentiment: Pinto Valley remains a key execution risk after extensive work on its primary crusher and filter plant; repairs are expected to finish around November 2. Management targets exiting 2026 at roughly 50,000 tons per day and moving toward nameplate capacity and 90% availability during 2027.
• Negative Sentiment: The final investment decision for Santo Domingo was deferred to Q1 2027 from late 2026 as engineering, port and desalination bids, and potential shared-infrastructure arrangements mature. Management estimates the project scope remains broadly consistent with the prior study, adjusted for approximately 20% inflation, though an existing-port solution could reduce upfront capital requirements.

Capstone Copper Trading Down 6.5%

Shares of Capstone Copper stock opened at C$11.00 on Friday. Capstone Copper has a 12-month low of C$9.30 and a 12-month high of C$18.04. The company has a market cap of C$8.40 billion, a price-to-earnings ratio of 17.74, a PEG ratio of -0.09 and a beta of 2.27. The company has a current ratio of 1.24, a quick ratio of 0.98 and a debt-to-equity ratio of 41.76. The company’s 50-day moving average price is C$14.03 and its 200-day moving average price is C$13.50.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CS shares. Raymond James Financial lowered their target price on Capstone Copper from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Friday. Barclays raised shares of Capstone Copper to a “hold” rating in a report on Wednesday, October 14th. National Bank Financial lifted their target price on shares of Capstone Copper from C$14.00 to C$16.50 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Citigroup raised shares of Capstone Copper to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, The Goldman Sachs Group upgraded shares of Capstone Copper from a “hold” rating to a “buy” rating and upped their price target for the company from C$15.00 to C$18.00 in a research note on Monday, August 31st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Capstone Copper presently has an average rating of “Moderate Buy” and a consensus price target of C$17.17.

Insider Buying and Selling

In other Capstone Copper news, insider Cashel Aran Meagher sold 52,994 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of C$14.48, for a total value of C$767,353.12. Following the sale, the insider directly owned 259,112 shares in the company, valued at C$3,751,941.76. This represents a 16.98% decrease in their position. Corporate insiders own 15.37% of the company’s stock.

Capstone Copper Company Profile

Capstone Copper Corp. is an Americas-focused copper mining company headquartered in Vancouver, Canada. Capstone’s operating portfolio of assets includes the Pinto Valley copper mine located in Arizona, USA, the Cozamin copper-silver mine located in Zacatecas, Mexico, the Mantos Blancos copper-silver mine located in the Antofagasta region, Chile, and the Mantoverde copper-gold mine, located in the Atacama region, Chile. Capstone’s growth pipeline includes the fully permitted Santo Domingo copper-iron-gold project, located approximately 35 kilometres northeast of Mantoverde in the Atacama region, Chile, as well as a portfolio of exploration properties in the Americas.