22:40:01 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Capstone Copper Corp
Symbol CS
Shares Issued 694,552,877
Close 2023-07-19 C$ 6.44
Market Cap C$ 4,472,920,528
Recent Sedar Documents

Globe says Baretto keeps Capstone Copper at "buy"

2023-07-19 08:02 ET - In the News

The Globe and Mail reports in its Wednesday edition that Canaccord analyst Dalton Baretto says second quarter results for base metals were dominated by "uncertainty." The Globe's David Leeder writes that Mr. Baretto also notes there was "a tug-of-war between macro and micro factors at play." For growth and copper price leverage Mr. Baretto likes Capstone Copper, which he rates "buy." Mr. Baretto gave his share target a 50-cent boost to $9. Analysts on average target the shares at $7.77. Mr. Baretto says in a note: "We continue to like CS for its strong, fully funded, low-risk near-term organic growth profile via the MVDP project (which is approaching completion in Q4/23, is on time and on budget thus far, and will add 55 per cent to CS's production profile once fully ramped up). We also like the multiple capital-efficient expansion opportunities available to the company in both Chile and Arizona, CS's leverage to copper prices, and its profile as an attractive acquisition target in a copper-focused M&A market that is heating up. We point to the anticipated completion of the MVDP project late in the year along with various technical studies underway at the different assets as potential positive catalysts over 2023."

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