The Globe and Mail reports in its Wednesday, Sept. 23, edition that Desjardins analyst Bryce Adams maintains a $16 share target and a "hold-above average risk" rating on Capstone Copper following its sale of the Cozamin mine to Luca Mining (all figures Canadian unless otherwise stated). The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Adams says in a note: "While the fixed consideration of $325-million (U.S.) is below our $359-million (U.S.) valuation, the gap is potentially bridged by copper price–linked contingent payments, which can lift total proceeds to $385-million (U.S.) in a strong copper price environment. We view the sale of Cozamin as strategically positive, which can strengthen the balance sheet ahead of the Santo Domingo FID [Final Investment Decision] expected in late 2026. Cozamin is 4 per cent of our asset-level net asset value and is a non-core asset." Based on Mr. Adams's estimates, Capstone trades at 5.2 times estimated EV/2027 EBITDA and 0.91 times net asset value per share, a discount vs. peers he covers at 6.6 times and 0.97 times on average. The Globe on Feb. 19 that Mr. Adams had lowered his recommendation for Capstone Copper to "hold" from "buy." It was then worth $13.75.