Analyst of TD Cowen reiterated a Buy rating on Capstone Copper, with a price target of C$16.00.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
analyst has given his Buy rating due to a combination of factors including a solid earnings beat and attractive valuation versus peers. Capstone delivered EBITDA that exceeded both the firm’s and the street’s expectations, helped by stronger copper pricing and effective cost management, which the analyst views as an early sign of a positive turning point for the stock.
Operational momentum at key assets also underpins the rating, with Mantoverde already running above its design capacity and demonstrating strong recoveries, suggesting potential for further upside to guidance. Additional growth and efficiency catalysts, such as the planned improvements at Pinto Valley and the upcoming Mantos Blancos Phase 2 expansion study, support a $16 price target based on conservative EV/EBITDA and NAV multiples within the sector.
In another report released on April 30, J.P. Morgan also maintained a Buy rating on the stock with a A$16.20 price target.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CSCCF in relation to earlier this year.