Capstone Copper (TSX: CS, CS.TO) is expected to report C$0.18 per share in earnings for the September quarter. Its recent record is mixed: the company beat estimates in two of its last four quarters.
Capstone Mining Corp., which trades as Capstone Copper, will report results for the quarter ended September 30, 2026, after markets close on October 29. Analysts expect revenue of C$703.67 million, based on estimates from four analysts. Five analysts put EPS estimates between C$0.15 and C$0.24.
Recent earnings trend
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Capstone Mining Corp
CS.TO
CS.TO
Capstone Mining Corp
WealthAwesomeMarket cap
$8.64B
P/E
13.5x
52W high
$18.04
52W low
$9.30
1W change
-8.65%
Beta
2.22
Analyst Price Targets
Based on analyst covering CS · as of Oct 21, 2026
Wall Street analysts forecast CS stock price to rise 60.9% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$18.01
+60.9% Upside
Previously C$17.86 on Oct 19, 2026
Current Price
C$11.19
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CS's historical volatility
30-Day Vol
42.8%
Annualized
90-Day Vol
52.2%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$9.46
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$10.66 | C$9.19 – C$12.35 |
| 60 trading days | C$10.04 | C$8.15 – C$12.37 |
| 90 trading days | C$9.46 | C$7.32 – C$12.22 |
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.
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Analyst coverage: 5 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 | — | 0.1800 | — |
| 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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Those forecasts point to year-over-year growth of 119.1% in EPS and 17.6% in revenue. The comparison is helped by last year’s EPS of C$0.08. Investors will be watching to see whether earnings growth keeps pace with revenue and whether recent operating changes show up in the results. Capstone has beaten estimates twice in its last four quarters, but that record doesn’t predict the next result.
Investor takeaway: The C$0.18 EPS consensus gives investors a clear benchmark, while the C$0.15–C$0.24 estimate range reflects uncertainty about the quarter. Recent results have been uneven: EPS was 10% below estimates in June and 23.08% above them in March. Compare the reported EPS with consensus, and consider revenue alongside earnings.
Capstone has also proposed selling its Cozamin mine. News reports say Luca Mining completed C$211 million in subscription-receipt financings related to the proposed acquisition. The deal is relevant context, but it doesn’t indicate what Capstone’s September-quarter results will be.
Bull case
Analysts expect strong year-over-year growth in EPS and revenue. In the latest reported quarter, Capstone earned C$0.18 per share, below the C$0.20 estimate. If September-quarter EPS meets or exceeds the C$0.18 consensus and revenue comes close to C$703.67 million, that would support the view that earnings growth is continuing. Capstone has beaten estimates in two of its last four quarters, though it hasn’t done so consistently.
Bear case
Analysts’ estimates vary widely, and Capstone missed expectations in two of its last four quarters. EPS revisions were unchanged overall in the past 30 days, with two upward revisions and three downward ones.
The shares recently closed at C$11.19, below their 50-day moving average of C$14.41 and 200-day average of C$13.54. They fell 23.25% over the past month. These figures describe recent share-price performance, not what will happen next. Still, they help explain why investors may look for evidence that expected growth is showing up in the results.
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