Capstone Copper (CS:CA) Scotiabank Lifts Target on Improving Global Copper Outlook

Capstone Copper Corp. (CS:CA)

Scotiabank raised the 12 month target price target on Capstone Copper to $18.00 from $16.00 while maintaining its Outperform rating, reflecting a more constructive outlook on copper market fundamentals. The target increase is underpinned by expectations of tightening global copper supply, steady demand driven by electrification, energy transition trends, and improving pricing visibility over the medium term. Scotiabank also continues to view Capstone’s asset base and operational profile favorably, highlighting leverage to rising copper prices, ongoing operational improvements, and the potential for enhanced free cash flow generation. The maintained Outperform rating signals confidence in management’s ability to execute on growth initiatives and capitalize on supportive commodity market conditions.

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