07:17:35 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Capstone Copper Corp
Symbol CS
Shares Issued 694,236,330
Close 2023-05-19 C$ 5.76
Market Cap C$ 3,998,801,261
Recent Sedar Documents

Globe says Capstone Copper favoured over sector rivals

2023-05-23 06:59 ET - In the News

The Globe and Mail reports in its Saturday, May 20, edition that Stifel analyst Alex Terentiew thinks "the world needs more copper to meet its demand growth aspirations," leading to enticing investment opportunities for investors. The Globe's David Leeder writes in the Eye On Equities column that Mr. Terentiew says, "Despite indications globally of slowing industrial activity and declining investor sentiment, copper prices have held ground, down 1 per cent year-to-date, solidly outperforming most other industrial commodities." Mr. Terentiew resumed coverage on Capstone Copper with a "buy" recommendation and $8.70 share target. Analysts on average target the shares at $7.83. Mr. Terentiew says in a note: "Following the merger of Capstone Mining and Mantos Copper in 2021, Capstone Copper has been steadily advancing on its growth ambitions. The pending completion of the Mantoverde sulphide expansion at the end of 2023 is set to fundamentally improve the company's production and cost profile, improving margins and cash flow, and positioning it to both deleverage and pursue other avenues of growth. With sufficient liquidity to complete its growth plans, we view Capstone as one of our preferred names within the sector."

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