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Capricorn Metals Ltd
(Sydney:CMM)
Capricorn Metals Ltd (CMM) vs. iShares MSCI Australia ETF (EWA)
Capricorn Metals Ltd Business Overview & Revenue Model
Capricorn Metals Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 383.52M | 359.73M | 320.75M | 286.95M | 110.00K | 122.00K |
| Gross Profit | 157.44M | 156.91M | 136.14M | 123.29M | -105.00K | -70.00K |
| EBITDA | 157.23M | 171.43M | 43.84M | 149.53M | -3.56M | -17.16M |
| Net Income | 75.89M | 87.14M | 4.40M | 89.48M | -4.76M | -17.95M |
Balance Sheet | ||||||
| Total Assets | 903.26M | 623.56M | 592.93M | 489.51M | 299.60M | 124.49M |
| Cash, Cash Equivalents and Short-Term Investments | 355.67M | 120.66M | 107.42M | 62.85M | 12.00M | 45.76M |
| Total Debt | 80.06M | 84.11M | 91.81M | 110.82M | 121.06M | 253.00K |
| Total Liabilities | 368.50M | 314.29M | 336.40M | 241.98M | 169.13M | 27.98M |
| Stockholders Equity | 534.76M | 309.26M | 256.54M | 247.53M | 130.46M | 95.51M |
Cash Flow | ||||||
| Free Cash Flow | 83.83M | 92.54M | 105.26M | 57.47M | -139.15M | -44.05M |
| Operating Cash Flow | 162.63M | 158.18M | 152.56M | 134.97M | -18.90M | -4.28M |
| Investing Cash Flow | -78.80M | -65.64M | -47.30M | -77.32M | -121.45M | -39.77M |
| Financing Cash Flow | 114.64M | -79.10M | -60.29M | -6.47M | 104.97M | 80.71M |
Capricorn Metals Ltd Technical Analysis
Capricorn Metals Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$4.05B | 47.40 | 18.02% | ― | 6.31% | 301.01% | |
57 Neutral | £2.72B | 4.90 | -9.97% | 3.95% | -1.19% | -6.71% | |
| C$4.19B | 8.60 | 22.80% | 1.48% | ― | ― | ||
| $2.31B | 22.61 | 13.42% | 0.96% | ― | ― | ||
| $2.21B | ― | -0.38% | ― | ― | ― | ||
| $1.81B | 8.00 | 26.42% | 1.19% | ― | ― | ||
69 Neutral | AU$4.78B | 37.24 | 13.01% | ― | 125.45% | ― |
Capricorn Metals Ltd Corporate Events
Capricorn Metals Ltd announced the cessation of 117,548 performance rights due to unmet or unsatisfiable conditions as of June 30, 2025. This cessation may impact the company’s capital structure and could influence stakeholder perceptions regarding the company’s operational efficiency and strategic execution.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$5.30 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
Capricorn Metals Ltd has successfully repaid its remaining $50 million corporate debt to Macquarie Bank Limited ahead of its maturity date, achieving a debt-free and gold hedging-free status. This financial milestone positions the company strongly to fund its growth projects, including the Karlawinda Expansion Project and the Mt Gibson Gold Project, leveraging its substantial cash and bullion holdings of $405 million as of March 2025.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$7.10 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
Capricorn Metals Ltd has extended its mining contract with MACA Ltd for the Karlawinda Gold Project for an additional five years, with an option for further extension. This contract includes a larger mining fleet to support increased production volumes, aligning with the Karlawinda Expansion Project’s goals of producing 150,000 ounces of gold annually. Additionally, Capricorn has chosen MACA as the preferred contractor for the Mt Gibson Gold Project, following a competitive tender process. This selection supports the project’s economic viability and allows for rapid mobilization once regulatory approvals are finalized, enhancing Capricorn’s operational readiness and strategic positioning in the gold mining industry.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$5.10 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
Capricorn Metals Ltd has announced a significant change in its shareholder structure, with State Street Corporation and its subsidiaries becoming substantial holders. This development indicates a shift in voting power and potential influence over company decisions, which could impact Capricorn Metals’ strategic direction and stakeholder interests.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$5.10 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
Capricorn Metals Limited has announced the closure of its final gold hedging instrument, making it a fully unhedged gold producer. This strategic move, coupled with the purchase of gold put options, positions the company to benefit from potential increases in gold prices while mitigating downside risks. The company has invested $50 million from its cash reserves for this transition, which enhances its financial flexibility to fund the expansion of its Karlawinda and Mt Gibson projects without incurring additional debt or hedging obligations. The proactive strategy has already resulted in $52 million in revenue enhancements, underscoring Capricorn’s strengthened position in the gold market.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$5.10 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
Capricorn Metals Ltd has issued 11,000 Fully Paid Ordinary Shares following the conversion of employee performance rights. This move, executed without the need for disclosure under specific sections of the Corporations Act, indicates the company’s compliance with regulatory requirements and reflects its ongoing commitment to rewarding employee performance, potentially enhancing stakeholder confidence.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$5.10 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
Capricorn Metals Ltd has announced the issuance of 11,000 fully paid ordinary securities, which will be quoted on the ASX. This move is part of the company’s ongoing efforts to strengthen its financial position and enhance shareholder value, potentially impacting its operational capabilities and market positioning.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
Capricorn Metals Ltd announced that CEO Paul Criddle has resigned to focus on personal priorities after charges against him were dismissed in court. Executive Chairman Mark Clark will assume the CEO role, supported by a seasoned management team. The company plans to negotiate a senior role for Criddle in project development once he is ready to return, leveraging his extensive experience in the gold mining sector. This strategic move aims to strengthen Capricorn’s project development capabilities at its Karlawinda and Mt Gibson sites.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
Capricorn Metals Ltd has issued 161,000 fully paid ordinary shares as part of the acquisition of the Ninghan Gold Project. This strategic move is expected to enhance the company’s asset base and strengthen its position in the gold mining sector, potentially offering new opportunities for growth and value creation for its stakeholders.
Capricorn Metals Ltd has announced the quotation of 161,000 fully paid ordinary securities on the ASX, effective May 9, 2025. This issuance is part of previously announced transactions, and it reflects the company’s ongoing efforts to manage its capital structure and enhance liquidity in the market.
Van Eck Associates Corporation has reduced its voting power in Capricorn Metals Ltd from 8.18% to 7.17%, as reported in their latest substantial holding notice. This change in shareholding may influence the company’s market dynamics and stakeholder interests, reflecting a shift in investment strategy by a significant shareholder.
Capricorn Metals Ltd presented at the 2025 Macquarie Australia Conference, highlighting its strategic focus on high-margin, long-life gold projects. The company emphasized its growth potential in a premier jurisdiction, supported by recent updates on its Mt Gibson and Karlawinda Gold Projects. These projects have shown increased ore reserves, reflecting Capricorn’s strong position in the gold mining sector. The company’s announcements underscore its commitment to expanding its production capabilities and enhancing shareholder value.
Capricorn Metals Ltd reported a strong performance for the March 2025 quarter, with increased gold production at its Karlawinda Gold Project and significant cash flow from operations. The company achieved record quarterly cash flow and is on track to meet its fiscal year guidance. Additionally, Capricorn has made strategic advancements in its Mt Gibson Gold Project, including the completion of accommodation facilities and progress in process plant design. The company also continues to expand its exploration activities, with promising results from drilling programs indicating potential for significant gold discoveries, enhancing its market position and future growth prospects.
Capricorn Metals Ltd has announced a proposed issue of 172,638 ordinary fully paid securities, scheduled for issuance on May 8, 2025. This move is part of a placement or other type of issue, indicating a strategic effort to raise capital, which could impact the company’s financial positioning and stakeholder interests.
Capricorn Metals Ltd has agreed to purchase the Ninghan Gold Project from Sabre Resources Ltd for $1.6 million, with an initial $100,000 cash deposit and the remainder in Capricorn shares. The deal includes a 1% net smelter royalty and contingent milestone payments up to $1.75 million, tied to exploration and development milestones. This acquisition is expected to enhance Capricorn’s exploration portfolio, given the project’s proximity to its existing Mt Gibson Gold Project and its potential for gold mineralization.
Capricorn Metals Ltd has announced that its CEO, Paul Criddle, has been charged with aggravated assault, to which he has pleaded not guilty. In light of this, Criddle has been granted leave, and the company’s executive functions are being managed by Executive Chairman Mark Clark, ensuring continuity in leadership.
Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in Capricorn Metals Ltd, with a significant voting power through its relevant interests in securities held by Morgan Stanley and First Sentier Investors Holdings Pty Limited. This development indicates a strategic positioning by Mitsubishi UFJ Financial Group in Capricorn Metals, potentially impacting the company’s governance and decision-making processes.
Capricorn Metals Ltd has announced that First Sentier Investors Holdings Pty Limited and its subsidiaries have acquired a substantial holding in the company, with a total of 21,736,383 fully paid ordinary shares. This acquisition gives First Sentier Investors significant voting power and influence over Capricorn Metals, potentially impacting the company’s strategic decisions and market positioning.
Capricorn Metals Ltd reported a strong third quarter with the Karlawinda Gold Project producing 30,599 ounces of gold, bringing the year-to-date total to 84,860 ounces. This positions the company well to meet its FY25 production guidance of 110,000 to 120,000 ounces. The company also reported a cash increase to $404.6 million, driven by efficient mining operations and strategic capital expenditures aimed at compressing construction timelines for its expansion projects. The completion of key infrastructure and progress on environmental and mining permits further support Capricorn’s growth trajectory.