Canada's Capstone Copper Q1 revenue rises but misses estimates

Capstone Copper

29/04/2026 21:42

Overview

Canada copper miner's Q1 revenue rose but missed analyst expectations

Adjusted EPS for Q1 missed analyst expectations

Q1 adjusted EBITDA reached record high and beat analyst expectations

Outlook

Capstone Copper maintains 2026 copper production guidance at 200,000-230,000 kt

Company keeps 2026 C1 cash costs guidance at $2.45-$2.75/lb per payable pound of copper

Capstone Copper says higher diesel and sulphuric acid prices are putting upward pressure on costs

Result Drivers

HIGHER COPPER PRICES - Co said record adjusted EBITDA and net income were driven by higher realized copper prices

LOWER PRODUCTION - Co said Q1 copper production fell 11% due to a 35-day strike at Mantoverde and lower grades at several mines

COST PRESSURES OFFSET BY BY-PRODUCT CREDITS - Co said higher input costs, notably for diesel and sulphuric acid, were partially offset by stronger by-product pricing

Company press release: ID:nBw2NBhgNa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$652.50 mln
$661.11 mln (7 Analysts)
Q1 Adjusted EPS
Miss
$0.12
$0.14 (11 Analysts)
Q1 Adjusted Net Income
Miss
$94.80 mln
$133.68 mln (2 Analysts)
Q1 Net Income
$112 mln
Q1 Adjusted EBITDA
Beat
$329.10 mln
$304.95 mln (12 Analysts)
Q1 Cash Flow from Op. Activities
$217.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialty mining & metals peer group is "buy"

Wall Street's median 12-month price target for Capstone Copper Corp is C$16.00, about 44.8% above its April 28 closing price of C$11.05

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)