Q: Good day, 5i - May I please have your opinion of Capstone Copper. Thank you.
5i Research Answer:
We have posted comments on CS regarding the companies recent release of production results for 2023 and guidance for 2024. CS forecasts suggest it will become profitable in 2024 along with seeing a jump in revenue due to increased production. Despite only being up marginally in the last year by ~7%, the stock has shot up since its Q3 earnings results in November. It is currently trading at 20.4x earnings, so it is not cheap, however outlook is positive and recent production and guidance results make it attractive for the sector.