Capstone Copper (TSE:CS) Posts Earnings Results

Posted by Geri Gentry on Oct 29th, 2026

Capstone Copper (TSE:CS – Get Free Report) released its quarterly earnings results on Thursday. The mining company reported C$0.17 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$1.01 billion for 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 Performance

Shares of TSE CS traded down C$0.25 during mid-day trading on Thursday, reaching C$11.77. 2,631,515 shares of the company were exchanged, compared to its average volume of 4,225,927. The stock has a market capitalization of C$8.99 billion, a P/E ratio of 18.98, a P/E/G ratio of -0.09 and a beta of 2.27. The company has a quick ratio of 0.98, a current ratio of 1.24 and a debt-to-equity ratio of 41.76. The company’s 50-day simple moving average is C$14.12 and its 200-day simple moving average is C$13.51. Capstone Copper has a twelve month low of C$9.30 and a twelve month high of C$18.04.

Analysts Set New Price Targets

A number of analysts recently commented on CS shares. 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. Barclays upgraded Capstone Copper to a “hold” rating in a research note on Wednesday, October 14th. National Bank Financial lifted their price objective on shares of Capstone Copper from C$14.00 to C$16.50 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. Stifel Nicolaus boosted their price objective on shares of Capstone Copper from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Finally, The Goldman Sachs Group raised shares of Capstone Copper from a “hold” rating to a “buy” rating and upped their target price for the company from C$15.00 to C$18.00 in a report on Monday, August 31st. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Capstone Copper has a consensus rating of “Moderate Buy” and an average target price of C$17.50.

Check Out Our Latest Analysis on CS

Insider Activity at Capstone Copper

In related news, insider Cashel Aran Meagher sold 52,994 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 259,112 shares in the company, valued at approximately C$3,751,941.76. This represents a 16.98% decrease in their position. Insiders own 15.37% of the company’s stock.

Capstone Copper Company Profile

(Get Free Report)

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.