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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 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 517.71M | 517.71M | 359.73M | 320.75M | 286.95M | 110.00K |
| Gross Profit | 283.47M | 283.47M | 156.91M | 136.14M | 123.29M | -105.00K |
| EBITDA | 238.76M | 238.76M | 171.43M | 43.84M | 149.53M | -3.56M |
| Net Income | 150.28M | 150.28M | 87.14M | 4.40M | 89.48M | -4.76M |
Balance Sheet | ||||||
| Total Assets | 1.04B | 1.04B | 623.56M | 592.93M | 489.51M | 299.60M |
| Cash, Cash Equivalents and Short-Term Investments | 355.87M | 355.87M | 120.66M | 107.42M | 62.85M | 12.00M |
| Total Debt | 31.80M | 31.80M | 84.11M | 91.81M | 110.82M | 121.06M |
| Total Liabilities | 258.48M | 258.48M | 314.29M | 336.40M | 241.98M | 169.13M |
| Stockholders Equity | 781.21M | 781.21M | 309.26M | 256.54M | 247.53M | 130.46M |
Cash Flow | ||||||
| Free Cash Flow | 161.56M | 161.56M | 92.54M | 105.26M | 57.47M | -139.15M |
| Operating Cash Flow | 259.31M | 259.31M | 158.18M | 152.56M | 134.97M | -18.90M |
| Investing Cash Flow | -97.82M | -97.82M | -65.64M | -47.30M | -77.32M | -121.45M |
| Financing Cash Flow | 74.34M | 74.34M | -79.10M | -60.29M | -6.47M | 104.97M |
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 |
|---|---|---|---|---|---|---|---|
79 Outperform | ― | ― | 16.83% | 24.12% | 46.42% | 99.69% | |
79 Outperform | C$6.35B | 11.26 | 21.17% | 1.31% | 23.35% | 15.96% | |
78 Outperform | $5.55B | 21.77 | 16.68% | 0.69% | 30.46% | ― | |
76 Outperform | AU$6.95B | 8.78 | 28.58% | 2.19% | 36.34% | 110.55% | |
76 Outperform | AU$7.48B | 33.67 | 19.70% | ― | 109.79% | 158.18% | |
75 Outperform | AU$5.61B | 35.06 | 27.56% | ― | 43.49% | 60.31% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
Capricorn Metals Ltd Corporate Events
Capricorn Metals Ltd has released the results of its Orion South Underground Mining Conceptual Study, which indicates potential for underground mining at the Mt Gibson Gold Project. The study suggests that underground mining could complement existing open-pit operations, potentially increasing the project’s gold production profile. The company plans to conduct a Pre-Feasibility Study to explore concurrent underground and open-pit development, aiming to expedite growth opportunities. This development could significantly impact Capricorn’s operations by extending the mine’s life and enhancing its production capacity, thus strengthening its position in the gold mining industry.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$14.30 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 announced a significant increase in the Mineral Resource Estimate (MRE) for the Orion South Underground at the Mt Gibson Gold Project, now totaling 895,000 ounces of gold. This represents a 31% increase since the maiden underground MRE in July 2025, driven by extensive diamond drilling. The updated MRE indicates strong potential for resource growth and further exploration opportunities, with ongoing drilling efforts aimed at improving resource classifications and extending the resource depth. This development underscores Capricorn’s strategy to expand its resource base and establish Mt Gibson as a long-term mining operation, benefiting stakeholders by potentially increasing production capacity and extending mine life.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$14.30 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, a company involved in the acquisition of shares and options, has announced that Warriedar Resources Limited’s securityholders have approved the proposed acquisition by Capricorn through a court-approved scheme of arrangement. The approval marks a significant step in the acquisition process, with the Supreme Court of Western Australia set to review the schemes for final approval. If approved, Warriedar will be suspended from trading, and the schemes will be implemented later in November 2025, potentially impacting stakeholders and market dynamics.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$14.30 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 is set to acquire Warriedar Resources Limited through a Court-approved scheme of arrangement, involving the acquisition of all fully paid ordinary shares and listed options in Warriedar. The Supreme Court of Western Australia will hold a hearing on November 13, 2025, to approve the arrangements, which are crucial for the completion of the acquisition. Warriedar securityholders have the opportunity to appear at the hearing and oppose the schemes if desired. This acquisition is a significant step for Capricorn Metals, potentially enhancing its market position and operational capacity.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$14.30 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 announced its upcoming Annual General Meeting, which will take place on Tuesday, 25 November 2025, at the Perth Convention and Exhibition Centre. Shareholders are encouraged to participate as the meeting will address important resolutions affecting their shareholdings. The company has outlined the voting eligibility criteria, emphasizing the importance of shareholder participation either in person or by proxy.
The most recent analyst rating on (AU:CMM) stock is a Sell with a A$13.00 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 released its corporate governance statement for the financial year ending June 30, 2025, which is accessible on their website. This statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, confirming that Capricorn Metals has followed the recommendations for the entire reporting period. The disclosure includes details about the roles and responsibilities of the board and management, the process for appointing directors, and the accountability of the company secretary. This announcement is significant as it reinforces Capricorn Metals’ commitment to transparency and compliance with governance standards, potentially impacting investor confidence and stakeholder trust.
The most recent analyst rating on (AU:CMM) stock is a Sell with a A$13.00 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 released its Corporate Governance Statement for FY2025, aligning with the ASX Corporate Governance Council’s Principles and Recommendations. The statement highlights the company’s commitment to robust governance practices, including a comprehensive Board Charter that delineates the roles and responsibilities of the board and management. This governance framework is designed to ensure effective oversight and management of the company’s operations, potentially strengthening its industry positioning and stakeholder confidence.
The most recent analyst rating on (AU:CMM) stock is a Sell with a A$13.00 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in Capricorn Metals Ltd as of October 21, 2025. This change reflects a series of transactions involving the purchase and sale of securities by entities controlled by First Sentier Group Limited and Morgan Stanley. The shift in substantial holding status could impact Capricorn Metals’ shareholder structure and influence its market dynamics, potentially affecting stakeholder interests.
The most recent analyst rating on (AU:CMM) stock is a Sell with a A$13.00 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 announced a change in its substantial holders, with First Sentier Group Limited and its associates ceasing to be substantial holders as of October 16, 2025. This change indicates a shift in the ownership structure of Capricorn Metals, which could impact its strategic direction and stakeholder interests.
The most recent analyst rating on (AU:CMM) stock is a Sell with a A$13.00 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 is set to acquire 100% of Warriedar Resources Limited’s fully paid ordinary shares and listed options through a court-approved scheme of arrangement. The Supreme Court of Western Australia has approved the dispatch of a supplementary scheme booklet detailing the revised consideration, which offers improved terms for Warriedar shareholders and option holders. The Warriedar Board recommends voting in favor of the scheme, highlighting its fairness and benefits in the absence of a superior proposal.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$14.70 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 an update to a previous announcement regarding a proposed issue of securities. This update is related to an increase in the WA8 Scheme Consideration, as initially announced on October 7, 2025. The proposed issue is a placement or other type of issue, which may impact the company’s financial strategy and market positioning.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$13.55 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 an update to its previous proposal regarding the issuance of securities, as detailed in its ASX announcement dated October 7, 2025. This update involves an increase in the WA8 Scheme Consideration, reflecting the company’s strategic move to enhance its financial positioning and potentially attract more investors. The proposed issue is part of a placement or other type of issue, indicating Capricorn Metals’ ongoing efforts to strengthen its capital base and support its operational and growth objectives.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$13.55 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 an increase in the consideration for its proposed acquisition of Warriedar Resources Limited, revising the share exchange ratio to 1 Capricorn share for every 52.75 Warriedar shares. This adjustment implies a significant premium on Warriedar’s share price, enhancing the attractiveness of the deal for Warriedar shareholders. The Warriedar board has unanimously recommended the revised scheme, and Capricorn has waived certain conditions to facilitate the acquisition process. If implemented, Warriedar securityholders will own approximately 5.5% of the enlarged group.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$14.50 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 its group Ore Reserve Estimate remains at 4.0 million ounces of gold as of June 30, 2025, following a strong year of production. The company is actively drilling at the Mt Gibson Gold Project to update its open pit and establish a maiden underground Ore Reserve, with significant increases in reserves at the Highway, Aries, and Comanche satellite pits. The updated reserves at MGGP offset the mining depletion at the Karlawinda Gold Project. The company maintains a conservative gold price for reserve estimation, which supports its low operating costs and growth potential.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$14.50 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 change in substantial holdings, as Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder. This change involves various transactions, including sales and purchases of securities by entities controlled by First Sentier Group Limited and Morgan Stanley, affecting the voting securities of Capricorn Metals Ltd. The announcement reflects a shift in the company’s shareholder structure, which may impact its market dynamics and stakeholder interests.
The most recent analyst rating on (AU:CMM) stock is a Sell with a A$11.00 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 announced that First Sentier Group Limited and its related entities have ceased to be substantial holders of the company’s voting securities as of September 29, 2025. This change in substantial holding could impact Capricorn Metals’ shareholder structure and influence its strategic decisions, potentially affecting stakeholders and market perception.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$13.00 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 announced that its Annual General Meeting will be held on 25 November 2025, with further details to be provided in the forthcoming Notice of Meeting. The deadline for director nominations is set for 7 October 2025, indicating the company’s ongoing governance and shareholder engagement efforts.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$13.55 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, a company involved in the acquisition of shares and options, is moving forward with its proposed acquisition of Warriedar Resources Limited by way of a Court-approved scheme of arrangement. The Supreme Court of Western Australia has ordered Warriedar to hold meetings for shareholders and option holders to vote on the proposed schemes. The Scheme Booklet, which includes an Independent Expert’s Report, has been registered with the Australian Securities and Investments Commission and will be distributed to Warriedar’s security holders. The Warriedar Board recommends voting in favor of the scheme, citing the Independent Expert’s conclusion that the schemes are fair and reasonable.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$12.65 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 294,042 fully paid ordinary shares following the conversion of employee performance rights. This move, executed without the need for investor 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 strengthening its operational capabilities and market position.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$10.80 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 change in the director’s interest, with Mark Clark acquiring 158,042 ordinary shares through the vesting of performance rights. This change reflects a strategic move in the company’s governance, potentially impacting stakeholder confidence and the company’s market positioning.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$10.80 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 294,042 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) as of September 3, 2025. This move indicates the company’s strategic efforts to enhance its financial structure and potentially expand its operational capabilities, which could have significant implications for its stakeholders and market positioning.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$10.80 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 reported record financial results for FY25, with gold production at the Karlawinda Gold Project reaching 117,076 ounces and an all-in-sustaining-cost of $1,468 per ounce. The company achieved a record cashflow from operations of $259.3 million and an EBITDA of $273.4 million, driven by strong revenue and effective cost management. The net cash position increased significantly, enabling the closure of the gold hedge book and repayment of corporate debt. With regulatory approval for the Karlawinda Expansion Project (KEP) and ongoing development at the Mt Gibson Gold Project, Capricorn is well-positioned for future growth, targeting an increase in gold production to around 150,000 ounces annually. The company remains focused on its goal of becoming a quality, multi-mine mid-tier Australian gold mining company.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$10.25 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 commenced site works for the Karlawinda Expansion Project, aiming to boost processing capacity to 6.5 million tonnes annually and increase gold production to approximately 150,000 ounces per year by the first quarter of fiscal year 2027. Following regulatory approvals, the project is advancing rapidly with significant progress in construction activities, including the completion of an expanded accommodation village, plant site clearing, and the initiation of mining activities, positioning Capricorn for enhanced operational capacity and potential market growth.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$10.25 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 change in its substantial holding status, as State Street Corporation and its subsidiaries have ceased to be substantial holders in the company. This change reflects a shift in the voting securities and associations related to Capricorn Metals, potentially impacting its shareholder structure and market dynamics.
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 Limited, a prominent player in the Australian gold mining industry, has completed the acquisition of the Mongers Lake Project from Albion Resources Limited for a total transaction value of A$1.5 million. This acquisition includes a payment of A$1.4 million in Capricorn shares and a non-refundable deposit of A$100,000. The deal also includes contingent milestone payments of up to A$1.5 million based on future project developments. The transaction strengthens Albion’s financial position, enabling them to fund further exploration at their Yandal West Gold Project, where recent drilling has shown promising results. This strategic move provides Albion with both immediate capital and a stake in a leading gold producer, allowing them to accelerate their exploration efforts.
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 announced the application for the quotation of 149,784 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of August 13, 2025. This move is part of previously announced transactions and could potentially enhance the company’s liquidity and market presence, offering stakeholders increased opportunities for investment.
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.