Capstone Copper (TSE:CS) Posts Quarterly Earnings Results

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

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 Stock Down 2.1%

CS stock opened at C$11.77 on Friday. The firm has a market cap of C$8.99 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of -0.09 and a beta of 2.27. Capstone Copper has a twelve month low of C$9.30 and a twelve month high of C$18.04. The business has a 50 day moving average of C$14.12 and a 200 day moving average of C$13.51. The company has a quick ratio of 0.98, a current ratio of 1.24 and a debt-to-equity ratio of 41.76.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Citigroup raised shares of Capstone Copper to a “strong-buy” rating in a research note on Tuesday, August 11th. Desjardins set a C$16.00 price objective on shares of Capstone Copper and gave the company a “hold” rating in a research report on Tuesday, September 22nd. National Bank Financial increased their target price on 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. Raymond James Financial lifted their target price on Capstone Copper from C$18.50 to C$19.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. Finally, Stifel Nicolaus boosted their price objective on shares of Capstone Copper from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$17.50.

Insider Buying and Selling

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

About Capstone Copper

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.