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Capricorn Metals Ltd (AU:CMM)
ASX:CMM
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Capricorn Metals Ltd (CMM) AI Stock Analysis

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AU:CMM

Capricorn Metals Ltd

(Sydney:CMM)

Rating:67Neutral
Price Target:
AU$10.00
▲(11.36%Upside)
Capricorn Metals Ltd's overall stock score is primarily driven by its strong financial performance, featuring significant revenue growth and robust cash flows. However, technical indicators show mixed signals, and the high P/E ratio suggests potential overvaluation. These factors collectively contribute to a cautious but optimistic outlook.

Capricorn Metals Ltd (CMM) vs. iShares MSCI Australia ETF (EWA)

Capricorn Metals Ltd Business Overview & Revenue Model

Company DescriptionCapricorn Metals Ltd explores for, evaluates, and develops mineral properties in Australia and Madagascar. It holds a 100% interest in the Karlawinda gold project located in the Pilbara region of Western Australia. The company was formerly known as Malagasy Minerals Limited and changed its name to Capricorn Metals Limited in February 2016. Capricorn Metals Limited was incorporated in 2006 and is based in West Perth, Australia.
How the Company Makes MoneyCapricorn Metals Ltd generates revenue primarily through the extraction and sale of gold. The company operates its gold mining activities at the Karlawinda Gold Project, where it extracts gold ore, processes it, and subsequently sells the refined gold on the market. The company's earnings are influenced by the market price of gold, production efficiency, and the volume of gold produced. Capricorn Metals may also engage in strategic partnerships or joint ventures to enhance its operational capabilities and expand its resource base, contributing to its financial performance.

Capricorn Metals Ltd Financial Statement Overview

Summary
Capricorn Metals Ltd has demonstrated strong financial health with robust revenue growth and improved profitability. The balance sheet is stable, with effective debt management. Strong cash flow supports sustainable operations and growth, though vigilance is needed for potential liabilities.
Income Statement
78
Positive
Capricorn Metals Ltd shows strong revenue growth with a significant increase from 2023 to 2024. The gross profit and net profit margins have improved, reflecting better operational efficiency. The EBIT and EBITDA margins are robust, indicating strong core profitability. However, the company had negative net income in earlier years, which could be a concern if past issues reoccur.
Balance Sheet
72
Positive
The company maintains a healthy balance sheet with a low debt-to-equity ratio, indicating effective leverage management. Stockholders' equity has steadily increased, enhancing the equity ratio. However, total liabilities have grown over time, which could indicate potential risks if not managed properly.
Cash Flow
80
Positive
Capricorn Metals Ltd displays a strong cash flow position with consistent positive operating cash flow. The free cash flow has shown considerable growth, and the operating cash flow to net income ratio is healthy, suggesting effective cash generation relative to net income. However, past negative free cash flow in earlier years highlights the importance of maintaining positive cash flow.
BreakdownJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue359.73M320.75M286.95M110.00K122.00K
Gross Profit156.91M136.14M123.29M-105.00K-70.00K
EBITDA171.43M43.84M149.53M-3.56M-17.16M
Net Income87.14M4.40M89.48M-4.76M-17.95M
Balance Sheet
Total Assets623.56M592.93M489.51M299.60M124.49M
Cash, Cash Equivalents and Short-Term Investments120.66M107.42M62.85M12.00M45.76M
Total Debt84.11M91.81M110.82M121.06M253.00K
Total Liabilities314.29M336.40M241.98M169.13M27.98M
Stockholders Equity309.26M256.54M247.53M130.46M95.51M
Cash Flow
Free Cash Flow92.54M105.26M57.47M-139.15M-44.05M
Operating Cash Flow158.18M152.56M134.97M-18.90M-4.28M
Investing Cash Flow-65.64M-47.30M-77.32M-121.45M-39.77M
Financing Cash Flow-79.10M-60.29M-6.47M104.97M80.71M

Capricorn Metals Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price8.98
Price Trends
50DMA
9.54
Negative
100DMA
9.08
Negative
200DMA
7.97
Positive
Market Momentum
MACD
-0.10
Positive
RSI
40.05
Neutral
STOCH
38.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CMM, the sentiment is Negative. The current price of 8.98 is below the 20-day moving average (MA) of 9.40, below the 50-day MA of 9.54, and above the 200-day MA of 7.97, indicating a neutral trend. The MACD of -0.10 indicates Positive momentum. The RSI at 40.05 is Neutral, neither overbought nor oversold. The STOCH value of 38.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CMM.

Capricorn Metals Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (44)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
67
Neutral
AU$3.87B45.3318.02%6.31%301.01%
44
Neutral
C$979.23M-6.78-13.73%1.76%17.37%-32.84%
C$4.34B8.9422.80%0.64%
$2.28B24.8613.42%0.37%
$2.09B-0.38%
$2.07B8.9926.42%0.71%
70
Outperform
AU$4.43B34.5113.01%125.45%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:CMM
Capricorn Metals Ltd
8.98
3.68
69.43%
TSE:PRU
Perseus Mining
3.18
0.94
41.96%
ELKMF
Gold Road Resources Ltd
2.16
0.91
72.80%
RGRNF
Regis Resources Limited
3.06
1.88
159.32%
RMLRF
Ramelius Resources Limited
1.81
0.60
49.59%
AU:GMD
Genesis Minerals Limited
3.92
1.86
90.29%

Capricorn Metals Ltd Corporate Events

Capricorn Metals Ltd Announces Proposed Securities Issue
Jul 24, 2025

Capricorn Metals Ltd has announced a proposed issue of securities, specifically options expiring on April 11, 2028, with a maximum of 1,540,323 securities to be issued. This move is part of a placement or other type of issue, with the proposed issue date set for November 14, 2025. The announcement could potentially impact the company’s market positioning by expanding its capital base, which may influence stakeholder interests and the company’s operational strategies.

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 Announces New Securities Issue
Jul 24, 2025

Capricorn Metals Ltd has announced a proposed issue of 19,633,893 ordinary fully paid securities, with the issuance date set for November 14, 2025. This move is part of a placement or other type of issue, potentially impacting the company’s market position by increasing its capital base and offering new investment opportunities for stakeholders.

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 to Acquire Warriedar Resources in Strategic Gold Project Consolidation
Jul 24, 2025

Capricorn Metals Ltd has announced its strategic acquisition of Warriedar Resources Limited through a share and option scheme of arrangement. This consolidation aims to strengthen Capricorn’s position in the Western Australian gold market by acquiring 100% of Warriedar’s shares and options, enhancing its operational capabilities and market presence.

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 Announces Change in Substantial Holding
Jul 17, 2025

Capricorn Metals Ltd has announced a change in substantial holding, as State Street Corporation and its subsidiaries have ceased to be substantial holders in the company as of July 15, 2025. This change in holding could impact Capricorn Metals’ shareholder structure and influence the company’s strategic decisions moving forward.

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 Expands with Claw Gold Project Acquisition
Jul 17, 2025

Capricorn Metals Ltd has issued 92,191 Fully Paid Ordinary Shares as part of the acquisition of the Claw Gold Project. This move, conducted without disclosure to investors under specific provisions of the Corporations Act, signifies the company’s strategic expansion in the gold mining sector, potentially enhancing its market position and offering new opportunities for stakeholders.

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 Announces Proposed Securities Issue
Jul 9, 2025

Capricorn Metals Ltd announced a proposed issue of securities, with a maximum of 90,708 ordinary fully paid shares to be issued. This move, set for July 16, 2025, is aimed at raising capital, which could enhance the company’s financial position and support its ongoing operations and strategic initiatives in the mining sector.

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 Acquires Claw Gold Project from BPM Minerals
Jul 8, 2025

BPM Minerals Ltd has entered into a binding agreement to sell its Claw Gold Project to Capricorn Metals Ltd for an up-front consideration of $1.5 million, with additional contingent milestone payments possible. This transaction strengthens BPM’s financial position, providing approximately $3.5 million in cash to fund exploration at its newly acquired Forelands Gold Project, which offers near-term resource conversion opportunities and significant exploration potential.

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 Expands Exploration Footprint with Claw Gold Project Acquisition
Jul 8, 2025

Capricorn Metals Ltd has announced the acquisition of the Claw Gold Project from BPM Minerals Limited, expanding its Mt Gibson Project tenure in Western Australia. The Claw Gold Project, covering 398 square kilometers, is highly prospective for gold mineralization, with Capricorn identifying seven exploration target zones. The acquisition, valued at $1.5 million, includes contingent deferred payments based on future resource estimates and mining operations. This strategic move enhances Capricorn’s exploration opportunities, potentially adding significant ore sources to its Mt Gibson operations.

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 Announces Cessation of Performance Rights
Jun 30, 2025

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 Achieves Debt-Free Status, Poised for Growth
Jun 27, 2025

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 Secures Key Contracts to Boost Gold Production
Jun 23, 2025

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 Sees Shift in Shareholder Structure
Jun 16, 2025

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 Becomes Fully Unhedged Gold Producer
Jun 11, 2025

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 Issues Shares Post Employee Performance Rights Conversion
Jun 6, 2025

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 Issues New Securities to Bolster Market Position
Jun 6, 2025

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 CEO Resigns; Executive Chairman Steps In
May 15, 2025

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 Expands Portfolio with Ninghan Gold Project Acquisition
May 9, 2025

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 Announces Quotation of New Securities
May 9, 2025

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 Reduces Stake in Capricorn Metals
May 9, 2025

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 Highlights Growth and Expansion at 2025 Macquarie Australia Conference
May 6, 2025

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 Reports Strong Q3 Performance and Strategic Advancements
Apr 30, 2025

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 25, 2025