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Capstone Copper Corp. (CS.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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4.8500-0.1700 (-3.39%)
At close: 04:00PM EDT
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  • b
    brian c
    I'm hopeful for this company...will say I'm by no means a mining stock expert...I've bought and sold the stock a few times...I'm up a modest amount in total so far (approx. 10%, given the recent pullback)...I thought 1Q results were modestly disappointing...higher costs...some transitory (merger expenses, lower head-grades)...others maybe not so transitory (higher costs). I'm very impressed with the detail, quality and comprehensiveness of management's communications...I will stick with Capstone...as shareholders I believe we have a good management team working for us (just my impression).
  • J
    Ja
    Coming back to this stock to buy the recent pullback in copper
  • A
    Al
    this will double up within 1 year, with all the infrastructures coming to sustain the ev market
  • Y
    YOLODaddy
    In 2022 Revenue will almost double. Extraction costs are in the range of $2.50/lb. Copper at $4.10 today. When the China lockdown ends Copper could be $5 with today's inflation. Hit profit expectations. Even without the Mantos revenue in the quarter running at over $1B in annual Revenue. Revenue in Q2 will exceed $400M.
  • J
    JimmyG
    Looks like we might test 52 week low before earnings if this keeps up. Holding long and strong.
  • S
    Skibum
    So Elon is open to buying an operating miner for electric vehicle metals…He could probably get CS for a tad less than what he’s offering for Twitter.
    https://www.reuters.com/article/autos-conference-tesla-mining/elon-musk-says-tesla-open-to-buying-a-mining-company-idUKFWN2X223O
  • Y
    YOLODaddy
    The Copper spot price has no impact on the Q1 results or even that much impact on Q2 since the contracts are already done. The Q3 price in the Copper futures contract is down a little but is still historically high at $4.33. Also, by Q3 China will be open and the amount of copper in renewable tech is enormous. Results in a week.
  • Y
    YOLODaddy
    Copper up!
  • N
    NoXy
    bought some more
  • T
    Tanis
    I’ve been holding CS patiently but I’d admit that I am a bit disappointed by the earning. The cost is quite high and eps is modestly ok with historically high copper price. With the headwind of copper spot price I am not sure how we will be doing when the price is lower than $4. Can’t imagine why we reached $2.7 per pound after we got 2 mines in chillies. All those projects would cost hundreds of millions while our balance sheet isn’t as strong as before. I wish we’d be bought out by some giant miners but I know it’s a dream with Color lol. Hate to find out we get price target cut next week… oh well, guess’s we all missed the $7 time…
  • M
    Mr Bachhus
    Considering copper is down over 4 % this morning this CS stock is holing up STRONG!!! :)
  • S
    Skibum
    As @Mr Bachhus said, the big boys want in, so buy the dip cause it won’t last long. Copper has been mostly >$4.50/lb since the new year, and >$4.70 since beginning of March. Peru has bigger problems than Chile so CS basically has a license to print money.
  • A
    Analytica
    This was Jason Mann's Top Pick on Bloomberg Market Call, March 31. 2022
    Capstone Copper (CS TSX)

    We like copper in general as one of the commodities that should do well during periods of inflation, and as a key metal for the electrification of infrastructure that comes with the move to clean energy. Copper is another commodity that is undersupplied relative to demand, and its not easy or fast to bring on new mines.

    Capstone Copper is the result after their recent merger with Mantos Copper, which reduces balance sheet risk, and doubled down on their operations in Chile, one of the worlds best mining jurisdictions, and adds to their operations in Mexico and Arizona.

    Essentially, they are moving up the ranks from a small cap historically to a more mature, diversified mining company which reduces risk and should broaden their investor base.

    Scores well for us on both valuation and price momentum. 5.7x Price-to-free-cash flow, 4.9x EV/EBITDA, 10x forward PE and a recent beat on earnings. No net debt, so no issues with balance sheet if the commodity turns lower.
  • R
    Rai
    LETS GOOO
  • M
    Mr Bachhus
    2 hrs left in trading and already 2.4 million shares of CS traded on the TSX
  • Y
    YOLODaddy
    Results on May 12th should be good. Spot price of C in Q1 and early Q2 was high. Inventory growth is leveling off. China will not be in the supply market. Oil is dropping so costs in Q2 should decrease. One analyst has a $11 target? Is that possible?
  • Y
    YOLODaddy
    Shut-downs mean Peru is out of the Market effectively. Chile still open for business so CS should be doing great on the supply side.
  • S
    Stonksalotty
    Could see a bounce off the 200EMA (daily) @ ~5.80 🤌…monthly chart showing a near golden cross which hasn’t been seen since 1996…long time coming. Weekly chart showing a bearish MACD so it might be dropping as low as 4.50
  • f
    fredo
    Lol any one could have seen that drop coming
  • M
    Mr Bachhus
    My only stock that has turned green.. go man go.!!! .. up up up