Candente Copper (ATCU) AI Stock Analysis

• Market Cap: C$124.36M
• Dividend Yield: N/A
• Average Volume (3M): 49.81K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.94
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 14
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Copper
• EPS (TTM): >-0.01
• Shares Outstanding: 94,212,130
• 10 Day Avg. Volume: 42,194
• 30 Day Avg. Volume: 49,810
• PEG Ratio: -1.81
• Price to Book (P/B): 0.36
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -7.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: C$1.50 ▲(8.70% Upside)

The score is held back primarily by pre-revenue operations with ongoing losses and increasing cash burn, partially offset by a conservatively levered balance sheet. Technically, momentum is positive with price above major moving averages, but overbought indicators raise near-term risk. Valuation signals are limited because the company is loss-making and no dividend yield is provided.

Candente Copper Business Overview & Revenue Model

Company Description

Alta Copper Corp., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada and Peru. It explores for copper, gold, and silver deposits. The company's principal property is the 100% owned Cañariaco Copper Project that covers approximately 97 square kilometers located to the northeast of the City of Chiclayo, Peru. The company was formerly known as Candente Copper Corp. and changed its name to Alta Copper Corp. in May 2023. Alta Copper Corp. was incorporated in 1997 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Candente Copper Financial Statement Overview

Summary

Balance sheet strength (minimal debt and sizeable equity base) supports resilience, but the operating profile is pre-revenue with persistent net losses and worsening cash burn in 2024 (negative operating and free cash flow), which materially weakens financial performance.

Income Statement

The company reports no revenue across 2021–2024, consistent with an early-stage/pre-production profile. Losses are persistent (net loss worsened to about -1.83M in 2024 vs. about -1.55M in 2023), indicating a cost base that is not yet supported by operating income. With no top-line, profitability and margin signals are not meaningful, and the key takeaway is ongoing operating losses with limited evidence of near-term earnings inflection in the provided period.

Balance Sheet

The balance sheet appears conservatively levered: total debt is minimal to zero in recent years (0 in 2024; very small in 2023), and debt-to-equity is near zero. Equity remains sizeable and relatively stable (~69.5M in 2024 vs. ~70.2M in 2023), supporting financial flexibility. The main weakness is negative returns on equity (roughly -2% to -4% range over the period), reflecting ongoing losses that slowly erode shareholder value absent revenue generation.

Cash Flow

Cash generation is weak: operating cash flow is negative each year (about -1.25M in 2024, worse than about -0.76M in 2023), and free cash flow is also consistently negative (about -3.31M in 2024 vs. about -2.22M in 2023). While the free-cash-flow-to-net-income ratio is above 1, this is largely driven by both figures being negative rather than signaling strong cash conversion. Overall, cash burn increased in the most recent year, implying continued reliance on funding sources (e.g., equity raises) if the pattern persists.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	-15.68K	-33.15K
EBITDA	-1.03M	-1.83M	-1.51M	-2.64M	-1.13M
Net Income	-1.01M	-1.83M	-1.55M	-2.71M	-1.18M
Balance Sheet
Total Assets	71.59M	69.73M	70.50M	66.92M	66.00M
Cash, Cash Equivalents and Short-Term Investments	761.84K	963.37K	2.42M	341.12K	170.22K
Total Debt	0.00	0.00	30.24K	1.60M	95.48K
Total Liabilities	183.29K	198.22K	304.25K	2.29M	580.20K
Stockholders Equity	71.40M	69.54M	70.20M	64.63M	65.42M
Cash Flow
Free Cash Flow	-2.40M	-3.31M	-2.22M	-1.56M	-1.72M
Operating Cash Flow	-1.12M	-1.25M	-760.83K	-742.08K	-991.49K
Investing Cash Flow	-1.49M	-2.07M	-1.63M	-894.44K	-773.95K
Financing Cash Flow	1.27M	1.86M	4.46M	1.81M	1.43M

Candente Copper Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ECU	55 Neutral	C$194.38M	-64.74	-13.14%	―	―	71.30%
ATCU	51 Neutral	C$124.36M	-85.81	-1.45%	―	―	―
KCC	50 Neutral	C$42.10M	-8.11	-18.92%	―	―	-36.80%
CCI	42 Neutral	C$77.72M	-26.55	-78.57%	―	―	-164.42%
HI	34 Underperform	C$147.57M	-7.96	-33.08%	―	―	22.47%

Candente Copper Corporate Events

Alta Copper Backs Fortescue Cash Bid as Best Path for Shareholders

Alta Copper Corp. has addressed shareholder questions regarding its proposed arrangement under which a Fortescue subsidiary will acquire all Alta Copper shares it does not already own for C$1.40 per share in cash. The board is recommending the all-cash transaction on the grounds that it delivers a substantial premium to Alta Copper’s historical trading prices, provides immediate liquidity to investors in a thinly traded stock, avoids further equity dilution that would be required to fund advancement of the Cañariaco project, and shifts significant permitting, community and regulatory risks in Peru to Fortescue. The deal’s prospects are reinforced by support and voting agreements from current directors, executives and key former managers, including the company’s founder and past presidents, as well as by Fortescue’s 35.7% ownership and stated intention to oppose alternative proposals, limiting the feasibility of competing bids.

The most recent analyst rating on (TSE:ATCU) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Candente Copper stock, see the TSE:ATCU Stock Forecast page.

Alta Copper Sets January Vote on Fortescue Takeover at C$1.40 a Share

Alta Copper Corp. has mailed and filed meeting materials for a special meeting of shareholders and optionholders on January 26, 2026, where investors of record as of December 15, 2025 will vote on a proposed arrangement under which Fortescue Ltd., through its subsidiary Nascent Exploration Pty Ltd, would acquire all outstanding Alta Copper shares it does not already own for C$1.40 per share, with equivalent cash consideration for options, deferred share units and restricted share units. The transaction has been reviewed by a special committee of the board, supported by an independent formal valuation from Fort Capital Partners that pegs Alta Copper’s fair value between C$0.95 and C$1.65 per share and by fairness opinions from Fort Capital and Haywood Securities, positioning the deal as financially fair to minority shareholders and marking a potential change of control that could realign the company’s future within the global copper sector if approved.

Fortescue to Acquire Alta Copper for C$1.40 per Share

Alta Copper Corp., a company involved in copper mining, has entered into a definitive agreement with Fortescue Ltd, whereby Fortescue will acquire all remaining shares of Alta Copper for C$1.40 per share. This acquisition values Alta Copper at approximately C$138.8 million and offers a significant premium over its recent trading prices. The transaction provides Alta Copper shareholders with immediate liquidity and avoids the risks and costs associated with independently advancing the Cañariaco copper project in Peru.