The Globe and Mail reports in its Friday, Feb. 20, that CIBC World Markets analyst Anita Soni lowered her recommendation for Capstone Copper to "neutral" from "outperformer." The Globe's Darcy Keith writes in the Eye On Equities column that Ms. Soni cut her share target to $16 from $20. Capstone earlier this week released its 2026 guidance, which included a lower production outlook year-over-year, higher costs and higher capex across its asset portfolio.
Ms. Soni says her lower price target largely reflects "the impact of trimmed production across the asset portfolio, higher costs at Mantoverde, and benchmarking to higher sustaining capex longer term vs. our previous estimates at Mantoverde. With our revised price target, there is insufficient return to target to maintain an 'outperformer' rating." The Globe reported on Oct. 13 that Scotia Capital analysts continued to rate Capstone Copper "sector outperform." The shares could then be had for $12.82. The Globe reported on Feb. 12 that Stifel analysts continued to rate Capstone Copper "buy." They boosted their share target to $20 from $17. It was then worth $16.44.
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