Capstone Copper Corp.

TSX:CS Stock Report

Market Cap: CA$10.4b

Capstone Copper Future Growth

Future criteria checks 3/6

Capstone Copper is forecast to grow earnings and revenue by 15.1% and 9.1% per annum respectively. EPS is expected to grow by 13.5% per annum. Return on equity is forecast to be 12% in 3 years.

Key information

15.1%

Earnings growth rate

13.48%

EPS growth rate

Metals and Mining earnings growth17.8%
Revenue growth rate9.1%
Future return on equity12.05%
Analyst coverage

Good

Last updated11 May 2026

Recent future growth updates

Analysis Article • Aug 03

Capstone Copper Corp. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Capstone Copper Corp. ( TSE:CS ) missed earnings with its latest second-quarter results, disappointing...

Recent updates

Narrative Update • May 02

CS: Mantoverde Execution And Labor Stability Will Support Higher Future P E Multiple

Capstone Copper's updated analyst price target has been trimmed by about CA$0.40, as analysts factor in more conservative revenue growth and a slightly higher discount rate, while still projecting broadly similar profitability and a higher future P/E multiple. Analyst Commentary Recent Street research around Capstone Copper has centered on recalibrated price targets and rating changes, with a mix of cautious and constructive views.
Narrative Update • Apr 17

CS: Deferred Mantoverde Inflection Is Expected To Support Future Share Outperformance

Capstone Copper's updated fair value estimate has been trimmed by about CA$1.10 to CA$16.07 as analysts adjust price targets around CA$15.50 to CA$19.00, citing more conservative assumptions on growth, margins and timing of the Mantoverde driven production and cost inflection. Analyst Commentary Recent Street research on Capstone Copper shows price targets clustering in a CA$15.50 to CA$19.00 range, with several revisions as analysts reset expectations around Mantoverde timelines, cost improvements and medium term production plans.
Narrative Update • Apr 02

CS: Mantoverde Execution And Labor Stability Will Drive Future Upside Potential

Capstone Copper's updated fair value estimate edges higher, with the implied analyst price target tightening around the CA$15 to CA$19 range as analysts factor in slightly higher revenue growth and profit margins, along with revised P/E assumptions and mixed rating and target changes in recent research. Analyst Commentary Recent research on Capstone Copper shows a mix of rating changes and price target adjustments, with investors weighing updated guidance and project timelines against longer term growth expectations and valuation assumptions.
Narrative Update • Mar 19

CS: Later Mantoverde Inflection Will Support Future Margin Upside Potential

Capstone Copper's updated narrative reflects a modest reset in analyst expectations, with recent Street research trimming individual price targets into a CA$15.50 to CA$19.00 range as analysts factor in lower projected revenue growth, higher discount rates, and a later production and cost inflection tied to Mantoverde, while still assuming stronger profit margins and a lower future P/E multiple. Analyst Commentary Recent research on Capstone Copper reflects a more cautious tone, with several bearish analysts trimming price targets and rethinking how much execution risk and timing risk to build into their models.
Narrative Update • Mar 05

CS: Mantoverde Execution And Labor Resolution Will Shape Upside Potential

Our updated narrative for Capstone Copper reflects a higher implied fair value of CA$19.77 from CA$13.00, aligning with recent Street price target revisions clustered around CA$15 to CA$19, where analysts point to timing shifts in the Mantoverde ramp up and adjusted growth and margin expectations, echoed in our more conservative revenue growth, profit margin and future P/E inputs. Analyst Commentary Recent Street research on Capstone Copper shows a mix of renewed caution and ongoing optimism, with most published work clustering price targets in the mid teens to high teens and centering the debate on execution risk at Mantoverde and the timing of the next production and cost inflection.
Narrative Update • Feb 19

CS: Future Production And Cost Improvements Will Support Share Outperformance

Our fair value estimate for Capstone Copper has risen from CA$15.42 to CA$17.16, reflecting analysts' recent adjustments to price targets and updated views on the timing of production and cost improvements. Analyst Commentary Recent Street research on Capstone Copper shows a mix of optimism about long term growth potential and caution around execution timing, which helps explain the shift in fair value estimates and price targets.
Narrative Update • Feb 05

CS: Mantoverde Strike Risk Will Limit Upside Despite Recent Rating Optimism

Analysts have raised their price target on Capstone Copper to C$14.00 from C$13.41, citing a series of recent target increases and a more constructive stance from several research firms regarding the company’s outlook. Analyst Commentary Recent research on Capstone Copper shows a mix of optimism around the company’s prospects and some caution around how much upside is already reflected in the share price.
Narrative Update • Jan 22

CS: Fair Value View Will Balance Mantoverde Strike Risk And Upgraded Outlook

Narrative Update The implied fair value estimate for Capstone Copper has moved from about C$8.34 to roughly C$14.06, with analysts pointing to updated assumptions for revenue growth, profit margins and future P/E, reflected in the recent C$1 to C$3 price target increases from multiple firms. Analyst Commentary Recent research on Capstone Copper shows a mix of optimism and caution, with several firms adjusting their price targets and at least one turning more neutral on the shares.
Narrative Update • Jan 08

CS: Higher Precious Metal Prices Will Support Future Share Outperformance

Analysts have kept our fair value estimate for Capstone Copper steady while incorporating a modestly lower discount rate and slightly higher revenue growth assumptions. These adjustments help explain recent Street price targets clustering in the C$13 to C$17 range.
Narrative Update • Dec 23

CS: Higher Precious Metal Prices Will Drive Future Share Outperformance

The analyst price target for Capstone Copper has edged higher to approximately C$15.42 from C$15.08, as analysts factor in stronger expected revenue growth, modestly higher margins and sector wide target increases following multiple upward revisions from the Street, despite at least one recent downgrade. Analyst Commentary Bullish analysts highlight that the recent wave of target hikes materially lifts the implied upside for Capstone Copper, with several price objectives now sitting in the mid teens to high teens in Canadian dollars.
Analysis Article • Dec 19

Is Now The Time To Put Capstone Copper (TSE:CS) On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Narrative Update • Dec 09

CS: Higher Gold Price Outlook Will Drive Future Share Outperformance

Analysts have nudged their blended price target for Capstone Copper slightly higher to about C$15.08 from C$15.01, citing stronger long term revenue growth assumptions and a higher sector multiple outlook that more than offset modestly lower margin forecasts and a slightly higher discount rate. Analyst Commentary Recent research updates present a generally constructive but more balanced stance on Capstone Copper, as higher price targets and new positive initiations are tempered by at least one move to the sidelines.
Narrative Update • Nov 25

CS: Rising Gold Prices Will Drive Share Outperformance After Recent Project Developments

Capstone Copper’s analyst price target has been modestly reduced to C$15.01 from C$15.01, as analysts adjust their expectations in response to recent changes in growth and profitability outlooks. This reflects mixed sector research updates.
Narrative Update • Nov 06

CS: Higher Metals Prices Will Drive Share Upside After Recent Project Milestones

Capstone Copper’s analyst price target has increased from C$13.72 to C$15.01. Analysts cite recent sector price target revisions and an improved outlook amid rising metals prices as the main drivers for the upward adjustment.
Narrative Update • Oct 23

Analysts Boost Capstone Copper Price Targets Amid Growing Optimism and Positive Company Developments

Capstone Copper's average analyst price target has risen from approximately C$12.09 to C$13.72. Analysts cite improving revenue growth and profit margin forecasts in their reassessment of the company's outlook.
Narrative Update • Oct 09

Mantoverde Optimized And Santo Domingo Will Increase Copper Production

Analysts have raised their price target for Capstone Copper from $11.24 to $12.09. They cite improved revenue growth forecasts and stronger profit margin expectations as the reasons for this adjustment.
Narrative Update • Sep 25

Mantoverde Optimized And Santo Domingo Will Increase Copper Production

Capstone Copper’s future P/E has risen notably from 18.17x to 25.42x, suggesting increased expected earnings growth or higher investor optimism, with the consensus analyst price target remaining essentially steady at CA$11.24. What's in the News Sulphide copper production at the Mantoverde mine in Chile has returned to full operating rates after motor failures in both ball mill drive motors; five days of planned maintenance remain scheduled for the end of September.
Analysis Article • Aug 03

Capstone Copper Corp. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Capstone Copper Corp. ( TSE:CS ) missed earnings with its latest second-quarter results, disappointing...
Analysis Article • Jul 31

Capstone Copper Corp.'s (TSE:CS) Revenues Are Not Doing Enough For Some Investors

With a price-to-sales (or "P/S") ratio of 2.3x Capstone Copper Corp. ( TSE:CS ) may be sending bullish signals at the...
Analysis Article • Jun 18

Capstone Copper (TSE:CS) Has A Somewhat Strained Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
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New Narrative • Feb 20

New Projects At Mantoverde And Santo Domingo Will Expand Future Copper Production

Successful ramp-up at Mantoverde and optimization projects could reduce costs and increase production, potentially enhancing future earnings and net margins.

Earnings and Revenue Growth Forecasts

TSX:CS - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20283,3116053691,50316
12/31/20273,2666166461,43718
12/31/20262,7654083121,04318
3/31/20262,479425217785N/A
12/31/20252,360316166685N/A
9/30/20252,122311190678N/A
6/30/20251,94376130612N/A
3/31/20251,79381-15482N/A
12/31/20241,59983-110399N/A
9/30/20241,50625-238293N/A
6/30/20241,409-21-333262N/A
3/31/20241,350-87-458152N/A
12/31/20231,346-102-561117N/A
9/30/20231,354-110-61781N/A
6/30/20231,341-43-66435N/A
3/31/20231,36468-63299N/A
12/31/20221,296122-50387N/A
9/30/20221,150185-300157N/A
6/30/20221,006186-84216N/A
3/31/2022859160168325N/A
12/31/2021795227420553N/A
9/30/2021727213399526N/A
6/30/2021692180365484N/A
3/31/2021587135265361N/A
12/31/20204541350147N/A
9/30/2020419-210102N/A
6/30/2020372-14-486N/A
3/31/2020380-23-2871N/A
12/31/201941911N/A93N/A
9/30/2019403-17N/A125N/A
6/30/2019433-3N/A128N/A
3/31/201942110N/A127N/A
12/31/20184168N/A131N/A
9/30/201844461N/A122N/A
6/30/201845065N/A148N/A
3/31/201843669N/A123N/A
12/31/201743045N/A113N/A
9/30/2017467-118N/A119N/A
6/30/2017489-116N/A118N/A
3/31/2017501-141N/A115N/A
12/31/2016529-140N/A125N/A
9/30/2016458-34N/A81N/A
6/30/2016431-213N/A57N/A
3/31/2016444-198N/A64N/A
12/31/2015420-203N/A25N/A
9/30/2015468-217N/A30N/A
6/30/2015539-49N/A124N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CS's forecast earnings growth (15.1% per year) is above the savings rate (3%).

Earnings vs Market: CS's earnings (15.1% per year) are forecast to grow faster than the Canadian market (10.8% per year).

High Growth Earnings: CS's earnings are forecast to grow, but not significantly.

Revenue vs Market: CS's revenue (9.1% per year) is forecast to grow faster than the Canadian market (5.2% per year).

High Growth Revenue: CS's revenue (9.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CS's Return on Equity is forecast to be low in 3 years time (12%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/13 07:51
End of Day Share Price 2026/05/13 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Capstone Copper Corp. is covered by 48 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stefan IoannouATB Cormark
Stefan IoannouATB Cormark Historical (Cormark Securities)
Daniel MorganBarrenjoey Markets Pty Limited