COBRE LIMITED (CBE)
Share Price Analysis and Chart

05/10/2026

1

Buy

$0.50

49.25%

Canaccord Genuity upgrades its rating for Cobre to Buy from Speculative Buy with its target price increased to $0.50 from $0.35 following the move to 62.8% majority ownership of the Sierra Atacama operation and updated production guidance.

Recent agreements with third-party suppliers secure 50k to 75k tonnes per month of high-grade oxide ore grading 1.0% to 1.5% copper.

These deliveries are expected to contribute approximately 300 tonnes of additional copper cathode production per month from the final quarter of 2026, reducing reliance on underground ore supply.

The business plans to transition its primary ore source to open pit operations by the end of 2027 to reach 1,500 tonnes per month.

The analyst views the transition as a pathway to lower capital intensity and operating costs, supporting a structurally higher margin profile alongside ongoing exploration drilling testing depth extensions.

FORECAST
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.00 cents.
Canaccord Genuity forecasts a full year FY28 dividend of 0.00 cents and EPS of 3.00 cents.