BMO Capital analyst Rene Cartier maintained a Buy rating on Capstone Copper (CSCCF – Research Report) yesterday and set a price target of C$12.00.
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Rene Cartier’s rating is based on Capstone Copper’s solid performance in the fourth quarter of 2024, where both adjusted earnings per share (EPS) and earnings before interest, taxes, depreciation, and amortization (EBITDA) aligned closely with expectations. The production and cost guidance provided for 2025 further enhances confidence in the company’s operational efficiency and future potential.
Additionally, the positive ramp-up at the Mantoverde Development Project (MVDP) and the consistent performance at Mantos Blancos underscore Capstone’s ability to meet and exceed production goals. With a strong liquidity position and ongoing project advancements, Capstone Copper is well-positioned to capitalize on value-enhancing opportunities, which supports the Buy rating.
In another report released on February 7, Raymond James also maintained a Buy rating on the stock with a C$11.00 price target.
CSCCF’s price has also changed moderately for the past six months – from $7.045 to $5.826, which is a -17.30% drop .