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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 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 639.88M | 517.71M | 359.73M | 320.75M | 286.95M | 110.00K |
| Gross Profit | 370.40M | 283.47M | 156.91M | 136.14M | 123.29M | -105.00K |
| EBITDA | 340.43M | 238.76M | 171.43M | 43.84M | 149.53M | -3.56M |
| Net Income | 231.87M | 150.28M | 87.14M | 4.40M | 89.48M | -4.76M |
Balance Sheet | ||||||
| Total Assets | 1.61B | 1.04B | 623.56M | 592.93M | 489.51M | 299.60M |
| Cash, Cash Equivalents and Short-Term Investments | 441.74M | 355.87M | 120.66M | 107.42M | 62.85M | 12.00M |
| Total Debt | 44.19M | 31.80M | 84.11M | 91.81M | 110.82M | 121.06M |
| Total Liabilities | 344.40M | 258.48M | 314.29M | 336.40M | 241.98M | 169.13M |
| Stockholders Equity | 1.26B | 781.21M | 309.26M | 256.54M | 247.53M | 130.46M |
Cash Flow | ||||||
| Free Cash Flow | 232.23M | 161.56M | 92.54M | 105.26M | 57.47M | -139.15M |
| Operating Cash Flow | 379.03M | 259.31M | 158.18M | 152.56M | 134.97M | -18.90M |
| Investing Cash Flow | -174.92M | -97.82M | -65.64M | -47.30M | -77.32M | -121.45M |
| Financing Cash Flow | -118.76M | 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 | AU$7.22B | 14.77 | 16.68% | 0.65% | 30.46% | ― | |
75 Outperform | $8.67B | 17.58 | 28.58% | 1.92% | 36.34% | 110.55% | |
73 Outperform | C$8.20B | 14.94 | 21.17% | 1.32% | 23.35% | 15.96% | |
73 Outperform | AU$9.29B | 23.16 | 19.70% | ― | 109.79% | 158.18% | |
69 Neutral | AU$6.96B | 27.92 | 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 has issued 27,391 fully paid ordinary shares following the conversion of employee performance rights, modestly increasing its share capital base. The company confirmed the issuance was conducted without a disclosure document in reliance on provisions of the Corporations Act, and stated it remains compliant with its continuous disclosure and financial reporting obligations, with no excluded information outstanding.
The cleansing notice facilitates secondary trading of the new shares by ensuring the market is informed of the issuance and the company’s compliance status. For existing shareholders, the move represents a minor dilution tied to employee incentives, underlining Capricorn’s continued use of equity-based remuneration as part of its workforce retention and alignment strategy.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$16.10 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
Capricorn Metals has applied to the ASX for quotation of 97,337 new ordinary fully paid shares following the exercise or conversion of existing securities. The modest issuance marginally increases the company’s listed capital base and reflects ongoing conversion of options or other convertible instruments, with limited immediate dilution but incremental enhancement of its free float and liquidity.
The new shares are scheduled to be quoted from 4 March 2026, aligning with standard ASX procedures for newly issued equity. While the transaction is small in scale, it signals continued shareholder participation in equity-linked instruments and maintains Capricorn Metals’ access to listed capital markets for future funding flexibility.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$16.10 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 reported that all resolutions put to shareholders at its Extraordinary General Meeting on 3 March 2026 were passed by poll. The key resolution approved was an increase in the non-executive directors’ fee pool, with a strong majority of proxy and poll votes in favour, reinforcing board remuneration settings and governance capacity for the company.
The voting outcomes show substantial shareholder support, with more than 99% of votes cast in favour of the fee pool increase, indicating confidence in the company’s board and its strategic direction. This enhanced remuneration framework could help Capricorn Metals attract and retain experienced non-executive directors, potentially strengthening oversight and supporting the company’s future corporate and operational initiatives.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$16.10 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
Capricorn Metals has reported record half-year results for H1 FY26, driven by strong operational performance at its Karlawinda Gold Project, where gold production reached 62,794 ounces at an all-in-sustaining cost of $1,627 per ounce. Revenue surged 64% to $350.1 million, underlying EBITDA doubled to $215.3 million with a 62% margin, and net cash rose to $440.8 million, enabling a maiden fully franked interim dividend of 5 cents per share.
The company is using its strengthened balance sheet to advance growth, investing heavily in the Karlawinda Expansion Project and Mt Gibson Gold Project while remaining on track to hit the upper end of its FY26 production guidance of up to 125,000 ounces. Expansion at Karlawinda is expected to lift output to about 150,000 ounces per year from FY27, and Mt Gibson is nearing final permitting, supporting Capricorn’s ambition to become a quality multi-mine mid-tier Australian gold producer delivering higher returns to shareholders.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$16.20 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 104,610 fully paid ordinary shares as consideration for the acquisition of the Extension Hill and Mungada Projects, expanding its portfolio of mining assets in Western Australia. The company confirmed that the new shares were issued without a prospectus under the Corporations Act’s cleansing provisions and that it remains compliant with its financial reporting and continuous disclosure obligations, indicating a routine equity-funded transaction with no undisclosed market-sensitive information.
The cleansing notice assures investors that there is no excluded or undisclosed information that would be required under the relevant sections of the Corporations Act. This step facilitates secondary trading of the newly issued shares and supports liquidity, while signalling that the acquisition has been structured to comply with regulatory requirements and maintain transparency for stakeholders.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$16.20 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 23,000 fully paid ordinary shares following the conversion of employee performance rights, modestly increasing its share capital base. The company confirmed that the shares were issued without a disclosure document in reliance on provisions of the Corporations Act, and stated it is compliant with its financial reporting and continuous disclosure obligations, with no excluded information, thereby facilitating secondary trading of the new shares and underscoring its ongoing adherence to regulatory requirements.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$15.00 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 applied to the Australian Securities Exchange for quotation of 28,000 new fully paid ordinary shares under its CMM ticker. The additional securities, issued on 6 February 2026 following the exercise or conversion of existing options or other convertible instruments, represent a small increase in Capricorn’s listed capital base and reflect ongoing utilisation of its equity incentive or funding structures, with limited immediate dilutionary impact for existing shareholders.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$15.00 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
Tempest Minerals has agreed with Capricorn Metals to extend the completion date for the $4.5 million sale of the Yalgoo Project to 14 February 2026 to allow time to finalise routine administrative and regulatory documentation, with no changes to the commercial terms and both parties maintaining full commitment to the deal. Under the agreement, Capricorn will acquire the Yalgoo gold project tenements free of third‑party commitments or royalties, while Tempest retains iron-rich eastern tenements and grants Capricorn non-iron exploration and development rights there, and may receive up to $1.5 million in contingent cash payments tied to future resource definition and a mining decision, reinforcing Tempest’s strategic focus on iron ore and providing potential upside exposure for shareholders.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$17.00 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 called an Extraordinary General Meeting of shareholders to be held on 3 March 2026 in West Perth, with eligible voters determined as those on the register as at 10.00am (WST) on 1 March 2026. In line with Australian corporate law changes, the company will provide its notice of meeting and explanatory materials electronically via its website unless shareholders have specifically requested physical copies, and the board is urging investors to submit directed proxy votes in advance, appoint the chair as proxy where appropriate, and participate in poll-based voting to ensure broad representation in forthcoming corporate decisions.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$17.50 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
Capricorn Metals reported another strong quarter at its Karlawinda Gold Project, producing 30,476 ounces of gold at an all-in-sustaining cost of $1,627 per ounce, bringing year-to-date output to 62,794 ounces and keeping the company on track to reach the upper end of its FY26 production guidance. Operational cash flow hit a record $122.4 million for the quarter, lifting cash and gold on hand to $457.4 million even after significant capital spending on the Karlawinda Expansion Project (KEP) and the Mt Gibson Gold Project, while gold sales of 31,652 ounces generated $200.5 million in revenue. Development of the KEP advanced materially following key regulatory approvals, with bulk earthworks, concrete works, CIL tank installation and delivery of major equipment progressing on schedule toward expanded processing capacity. At Mt Gibson, mine planning and process plant design moved toward finalisation and environmental approvals advanced at both federal and state levels, underpinning the project’s advancement toward development. Exploration and resource work delivered an increased Mineral Resource Estimate for the Orion South Underground deposit at Mt Gibson and supported a conceptual underground mining study, contributing to a lift in Capricorn’s group Mineral Resource to 8.1 million ounces and maintaining group Ore Reserves at 4.0 million ounces, reinforcing the company’s long-term production pipeline. The acquisition of Warriedar Resources, completed in November 2025, further strengthened Capricorn’s balance sheet and asset base, enhancing its growth profile in the Australian gold sector.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$17.50 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 applied for quotation on the ASX of 7,327 new fully paid ordinary shares under the code CMM. The small issuance, dated 28 January 2026 and arising from the exercise or conversion of existing options or convertible securities, modestly increases the company’s quoted capital base but does not signal any major change in its operations or capital structure.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$17.50 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 applied to the ASX for quotation of 18,709 new fully paid ordinary shares under its code CMM. The small issuance, arising from the exercise or conversion of existing securities, modestly increases the company’s listed share capital and reflects ongoing equity participation without materially altering its capital structure.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$17.00 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
Capricorn Metals reported preliminary December quarter production of 30,476 ounces of gold at its Karlawinda Gold Project, bringing year-to-date output to 62,794 ounces and keeping the company on track to reach the upper end of its FY26 guidance of 115,000–125,000 ounces at a forecast all-in sustaining cost of $1,530–$1,630 per ounce. The operation maintained its expanded mining run rate, enabling both strong production and substantial progress on the Karlawinda Expansion Project, with major earthworks and concrete works largely completed, CIL tank construction well advanced, and key equipment deliveries underway; cash and gold on hand rose to $444.2 million despite significant capital investment of $39 million across Karlawinda and Mt Gibson, where early design, procurement and permitting activities continued, positioning the company for compressed construction timelines and future growth.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$15.80 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 lodged an Appendix 3B notice with the ASX outlining a proposed issue of up to 281,484 new ordinary fully paid shares, to be undertaken via a placement or other type of security issue. The new securities, expected to be issued on 30 January 2026, will expand the company’s share base and may provide additional capital for its activities, with the move signaling continued utilisation of equity markets to support its corporate and operational needs.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$15.80 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
Capricorn Metals has agreed to acquire Tempest Minerals’ Yalgoo Project tenement package in Western Australia for $4.5 million in cash and shares, expanding the company’s landholding north of its Mt Gibson Gold Project and contiguous with its recently acquired Golden Range and Fields Find projects. The deal, which is subject to due diligence, regulatory consents and ASX confirmation, transfers the Yalgoo Tenements outright to Capricorn and grants it rights to explore and develop all non-iron minerals on the Iron Tenements, with additional contingent payments tied to future resource delineation and a mining decision. Covering about 1,000 square kilometres on a largely untested 60km strike in the highly prospective Yalgoo-Singleton Greenstone Belt, the project adds multiple drill-ready gold targets that Capricorn plans to advance through mapping and geochemical work in 2026, supporting its strategy to secure meaningful additional ore sources for Mt Gibson and strengthen its regional growth pipeline.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$15.80 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
Capricorn Metals has agreed to acquire Tempest Minerals’ Yalgoo Project tenement package in Western Australia for A$4.5 million in cash and shares, with additional contingent payments tied to future resource definition and a decision to commence mining. The deal will see Capricorn consolidate a highly prospective 1,000-square-kilometre tenement position in a region where it is already active, while Tempest retains iron ore rights on the eastern tenements and will continue to advance its Remorse magnetite deposit through a separate Green Steel and Iron partnership, as well as focus exploration on its remaining Western Australian projects, potentially strengthening both companies’ strategic positions and capital allocation efficiency.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$15.80 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
Capricorn Metals has issued 140,325 fully paid ordinary shares following the conversion of employee performance rights, effectively increasing its share capital through its long-term incentive arrangements. The company confirmed that the shares were issued without a prospectus under the Corporations Act, that it remains compliant with its financial reporting and continuous disclosure obligations, and that there is no excluded information, signaling ongoing regulatory compliance and transparency for existing and prospective shareholders.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$15.80 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, listed on the ASX under code CMM, has applied for quotation of an additional 140,325 fully paid ordinary shares. The new shares, issued on 22 December 2025 following the exercise or conversion of existing options or other convertible securities, will modestly increase the company’s quoted capital base and may slightly enhance liquidity for shareholders once admitted to trading.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$15.80 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
Capricorn Metals has disclosed a change in director Mark Clark’s indirect interest, following the issue of 170,395 new performance rights under the company’s Performance Rights Plan, as approved by shareholders at the recent annual general meeting. The grant, held via the Clark Family Trust vehicle Samoz Pty Ltd, increases Clark’s indirect holding to 17,490,749 ordinary shares and 401,002 performance rights, reinforcing the company’s strategy of linking executive incentives to equity and potentially further aligning the director’s interests with those of shareholders, without any on-market trading or cash consideration involved.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$15.80 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 294,424 fully paid ordinary securities on December 8, 2025. These securities, issued under an employee incentive scheme, will be quoted on the Australian Securities Exchange (ASX), potentially enhancing the company’s market liquidity and providing additional incentives for its employees.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$15.80 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.