CAP stock fell 5.64 percent as Q2 losses persisted

Published on 10/07/2026 at 04:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CAP stock faces a USD 43 million Q2 loss and lower 2026 production guidance of 14.6-15.1 million tons. A five-analyst consensus rates the shares Hold.

CAP, CLP256251073, Illustration mit AI erstellt.

CAP stock (ISIN CLP256251073) was last at CLP 5,000 on the Santiago Stock Exchange on October 6, 2026 at 3:59 p.m. CLST, down 5.64 percent from the prior session. The latest operating picture combines mining resilience with losses in the industrial and infrastructure businesses.

Q2 loss keeps pressure on operations

According to Quartr in its September 15, 2026 summary of CAP's Q2 2026 results, consolidated EBITDA declined 13.2 percent year over year. Net income was a USD 43 million loss, similar to the loss in Q2 2025, as mining gains were offset by industrial and infrastructure losses.

The split between segments is material. Mining EBITDA increased 5 percent year over year to USD 53 million despite a 7.2 percent decline in realized prices, while industrial revenue fell 15.3 percent and mining revenue increased 7.9 percent, according to Quartr.

Weather cuts production guidance

CAP revised its 2026 production guidance down by 0.5 million tons to 14.6-15.1 million tons because of severe rains, while C1 cash-cost guidance stayed at USD 49-53 per ton, according to Quartr. Management estimated the weather-related EBITDA impact at USD 25-30 million and identified cost reduction and deleveraging as priorities for the second half of 2026.

Cash generation offers a counterweight to the earnings pressure. Free cash flow reached USD 168 million in the first half of 2026, supported by operational recovery, a tax reimbursement and focused investment, according to Quartr.

Consensus remains cautiously neutral

MarketScreener lists a Hold consensus based on five analysts, with an average price target of USD 7.016 and a last close of USD 5.612 in its September 2026 market overview. The target is quoted in USD, while the primary Santiago listing trades in CLP, so the two figures are not a direct same-currency comparison.

CAP's balance-sheet actions also remain relevant. The company received consents covering a majority of its outstanding notes and settled the tender offer on September 17, 2026, implementing amendments that released Compañía Siderúrgica Huachipato as guarantor, according to Cleary Gottlieb on September 24, 2026.

CAP stock remains below yearly high

CAP stock was last at CLP 5,000 on October 6, 2026 at 3:59 p.m. CLST, with a same-session low of CLP 5,000 and high of CLP 5,301. Its 52-week range was CLP 5,000-8,680, and its market capitalization was CLP 747.2 billion on the same date.