Capstone Mining's recent earnings report reveals challenges despite a backdrop of record production and strong operational performance.
In its latest earnings report for the second quarter of 2026, Capstone Mining Corp (CS.TO) reported an EPS of $0.18, which is 10% below the $0.20 estimate. This disappointing result comes in a quarter where the company achieved record adjusted EBITDA and significant revenue growth, thanks to rising copper prices.
Recent earnings trend
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Capstone Mining Corp
CS.TO
CS.TO
Capstone Mining Corp
WealthAwesomeMarket cap
$10.17B
P/E
15.3x
52W high
$18.04
52W low
$8.21
1W change
+2.78%
Beta
2.17
Analyst Price Targets
Based on analyst covering CS
Wall Street analysts forecast CS stock price to rise 26.8% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$16.88
+26.8% Upside
Current Price
C$13.31
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CS's historical volatility
30-Day Vol
55.4%
Annualized
90-Day Vol
65.5%
Annualized
Trend (90d)
+43.9%
Annualized drift
90d Mean
C$15.57
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$14.02 | C$11.58 – C$16.98 |
| 60 trading days | C$14.78 | C$11.28 – C$19.36 |
| 90 trading days | C$15.57 | C$11.18 – C$21.68 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 8 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-29 | — | 0.1900 | — |
| 2026-06-30 | 2026-07-30 | 0.1800 | 0.2000 | -10.0% |
| 2026-03-31 | 2026-04-29 | 0.1600 | 0.1300 | +23.1% |
| 2025-12-31 | 2026-03-02 | 0.1371 | 0.1600 | -14.3% |
| 2025-09-30 | 2025-10-30 | 0.0800 | 0.0400 | +100.0% |
| 2025-06-30 | 2025-07-30 | 0.0600 | 0.0500 | +20.0% |
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Investor takeaway: While Capstone's operational metrics show strong performance, the earnings miss raises concerns about underlying challenges, particularly regarding production consistency and cost management. Investors should consider the company’s growth potential alongside this recent earnings trend.
EPS Misses Estimates by 10% Amid Record Revenue
Capstone's EPS of $0.18 fell short of the $0.20 estimate, even though it achieved record revenue of $739.7 million, driven by higher copper prices and strong production.
Bull case
Capstone's record adjusted EBITDA of $354 million and impressive operational results at Mantoverde suggest a solid growth path. The company is well-positioned to take advantage of favorable copper market conditions, with ongoing projects expected to boost production and lower costs in the long run.
Bear case
The 10% earnings miss points to possible issues with production reliability and cost management, especially at Pinto Valley. Investors may worry about the effects of rising operational costs and the company's ability to maintain consistent performance amid market fluctuations.
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