Capstone Copper (TSE:CS) Releases Quarterly Earnings Results

Capstone Copper (TSE:CS) issued its quarterly earnings data on Wednesday. The mining company reported C$0.17 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$907.15 million for the quarter. Capstone Copper had a net margin of 13.27% and a return on equity of 9.77%.

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

• Q1 delivered consolidated copper production of 48,000 tonnes at a C1 cash cost of $2.66/lb, driving a record adjusted EBITDA of $329 million and adjusted net income of $95 million while 2026 guidance remains unchanged (200k–230k t at $2.45–$2.75/lb).
• The balance sheet strengthened — net debt declined by about $43 million to $738 million with net debt/EBITDA at 0.7x and >$1 billion in available liquidity, positioning the company to de‑leverage further and fund growth (Santo Domingo financing optionality).
• The Mantoverde Optimized project is reported on budget and on schedule, with Q3 tie‑ins and a Q4 ramp expected to sustain ~45,000 tpd and add ~20,000 tpa of copper at a low capital intensity (~$9k/ton).
• Input cost pressure from higher diesel and sulfuric acid prices is increasing direct costs and C1; cathode operations are exposed to acid price risk and could be reduced or paused if acid remains expensive despite the company saying most 2026 supply is contracted.
• Project and exploration progress continues — Santo Domingo is ~60% through detailed engineering with an expected FID in Q4 and Mantoverde drilling is ~94% complete — but final CapEx, permitting and partner decisions remain subject to further work and market conditions.

Capstone Copper Price Performance

CS stock opened at C$11.32 on Friday. The stock has a market capitalization of C$8.64 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of -0.09 and a beta of 2.16. The company’s 50-day moving average is C$11.68 and its 200-day moving average is C$12.77. The company has a debt-to-equity ratio of 45.58, a current ratio of 1.20 and a quick ratio of 0.98. Capstone Copper has a 1 year low of C$6.43 and a 1 year high of C$18.04.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CS shares. Stifel Nicolaus boosted their target price on shares of Capstone Copper from C$17.00 to C$20.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Desjardins cut shares of Capstone Copper from a “buy” rating to a “hold” rating and cut their price target for the company from C$18.00 to C$16.00 in a research report on Wednesday, February 18th. National Bank Financial cut their price target on shares of Capstone Copper from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. Clarkson Capital raised shares of Capstone Copper from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Finally, TD cut their price target on shares of Capstone Copper from C$17.00 to C$16.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Capstone Copper has an average rating of “Moderate Buy” and an average target price of C$16.10.

Capstone Copper Company Profile

Capstone Copper Corp is a company that mines, explores, and develops mineral properties in the Americas. Specifically, the group has operating mines in the US, Mexico, and Canada, and development projects in Chile and Canada. Capstone’s main focus is copper, but the company also produces zinc, lead, molybdenum, silver, and gold.