TSE:CS

Capstone Copper Corp (CS.TO)

12.74
-0.32 (2.45%)
as of Jun 26, 2026, 8:00:00 pm Market Open.
89 watching
0
Investor Insights
star iconJun 27, 2026, 12:00 am

This summary was created by AI, based on 8 opinions in the last 12 months.

Capstone Copper Corp (CS-T) garners mixed reviews from industry experts. While some analysts appreciate the company's strategic positioning in copper, particularly in light of the growing demand from electric vehicles and sustainability initiatives, others express caution regarding its performance. Issues like disappointing production guidance and labor strikes have raised concerns about short-term fluctuations. However, many still see potential for long-term upside, especially if the copper market continues to strengthen. The company's solid domestic operations and strategic partnerships indicate positive future prospects, although macroeconomic factors may introduce volatility.

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Consensus
Hold
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Valuation
Fair Value
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BUY

The company is not too big, not too small, in a sweet spot. The copper price has pulled back a little, but has seen a great run-up. Supply has declined while demand is rising from places like EVs. The copper fundamentals look great.

PARTIAL BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

We can't do much about the cyclicality of the metals sector. It will always be cyclical, and nothing should be considered a 'buy and forget' stock. Much will depend on economic growth, particularly in China. It is interesting right now in that China is weak but copper is strong. It is possible investors are seeing China as 'bottoming' and there are also supply concerns (i.e. the recent closure of a large mine in Panama). The sector is cyclical, and thus valuations are usually low. CS is more expensive at 16X earnings, because it is growing fast. From a loss last year it is expected to earn 28c a share this year and then a near-double to 54c next year. Debt is fairly high but cash flow is also growing nicely. We would be comfortable owning it in a size reflective of its risk. We might not add to a current position as the price rise naturally brings position size up. 
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BUY

Is very bullish copper. He likes Capstone because it operates in a safer country than others in Latin America, Chile.

TOP PICK

Operate in South America and Mexico. This will be re-rated as its latest project goes into production. He expects 20-30% upside even without copper prices rising. Excellent exposure to copper.

(Analysts’ price target is $8.65)
HOLD
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

The price of CS is largely dependent on the underlying price of copper, and copper is a factor of both supply and demand. We believe that the long-term demand for copper is strong, and thus we like the long-term prospects of copper. CS is expecting good sales and earnings growth over the next couple of years, and its recent growth has been strong. Its valuation is decent and debt levels are OK. It has been growing its balance sheet and expanding its operations. As a growth play on copper, we like CS and it is set to report earnings next Friday November 3. We feel that in a better market, the materials sector will perform well and CS can benefit from this performance. We would prefer to wait until earnings to add to the name, but for a growth play on copper, we like CS.
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HOLD

Bullish on copper, but does not own shares.
Company highly levered to copper prices.
Unsure on short term demand for copper given recession concerns.
Takeover speculation on the company recently.
Well run company. 

BUY

Good takeout target. Cost structure has come down. Better than average, but not top tier. Pretty good balance sheet. Leveraged play on copper. China reopening plus the need for copper gives real leverage to better copper prices.

BUY ON WEAKNESS
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

Revenue was $362M, ahead of estimates ($351M); EPS was 6c, vs 3.9c expected. 
EBITDA of $80.5M missed estimates of $98.6M. 
Copper output rose to 45,500 tonnes, with new production from Chile boosting numbers. 
Costs were $2.50/lb. 2023 guidance is for 170,000 to 190,000 tonnes at costs of $2.50 to $2.70. 
Results look good but not overly noteworthy one way or the other.  
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PAST TOP PICK
(A Top Pick Mar 31/22, Down 15%) Very volatile copper market. Has since sold shares due to stop loss. Re-rating expectation has not happened on the stock. Cash flow not returning yet, but growth is there.
TOP PICK
Copper should do well in times of inflation, electrification of the economy, ESG, under-supplied. Recent merger cuts balance sheet risk, doubles down on Chile operations, makes it more mature and diversified. Cheap at 15x earnigs. Good on momentum and volatile, but a bit more volatile. No dividend. (Analysts’ price target is $8.63)
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company is cheap, trading at 8x forward earnings. Growth rate is expected to be rapid in the next two years. Very little debt and has positive cash flows. Insider ownership is high. Unlock Premium - Try 5i Free

WATCH

It is on his watch list. It has been there for a number of years. It has not done very much but once in a while it perks his interest. He is going to do a review in the next couple of weeks and it may move it up then.

COMMENT

He doesn’t follow this and hasn’t read a recent balance sheet.

COMMENT

He doesn’t follow this stock actively. It’s involved in copper, ranks around 550 in his 700-stock database. PE reasonable. Earnings are expected to rocket from 2 cents to 19 cents this year and then drop back in 2019. Free cash flow is positive, but there have been downward estimate revisions. The estimate of lower earnings in 2019 is the primary investor concern for this stock. (Analysts’ price target is 2.10$)

PAST TOP PICK

(A Top Pick Jan 6/17. Up 4%.) Still quite positive on base metals, including zinc and copper. Now people are chatting up copper and saying that if car sales hit the number that the electric car makers are suggesting, then copper would be in short supply.

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