Capricorn Metals Ltd (AU:CMM)
ASX:CMM
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Capricorn Metals Ltd
(Sydney:CMM)
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Rating:67Neutral
Price Target:
AU$12.00
â–²(9.69% Upside)
Action:ReiteratedDate:03/24/26
The score is driven mainly by strong financial performance (robust growth, high margins, low leverage, and strong cash generation). This is offset by very weak technicals (price below major moving averages, negative MACD, and oversold momentum signals), while valuation is moderately supportive (P/E 12.56, but low dividend yield).
Positive Factors
High profitability & revenue growth
Capricorn shows durable top-line expansion and very healthy operating margins, reflecting efficient operations and cost management. These traits support persistent cash generation, provide buffers against input cost swings, and enable reinvestment into mining and exploration over multiple years.
Negative Factors
Single-asset concentration
Reliance on a single mine concentrates operational, geological and permitting risk. Long-term production and reserve life hinge on Karlawinda performance and exploration success, making company cash flows and growth prospects highly sensitive to that asset's outcomes over the next several years.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability & revenue growth
Capricorn shows durable top-line expansion and very healthy operating margins, reflecting efficient operations and cost management. These traits support persistent cash generation, provide buffers against input cost swings, and enable reinvestment into mining and exploration over multiple years.
Read all positive factors
Capricorn Metals Ltd (CMM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.00B
Dividend YieldN/A
Average Volume (3M)2.31M
Price to Earnings (P/E)12.6
Beta (1Y)1.29
Revenue Growth43.49%
EPS Growth60.31%
CountryAU
Employees12
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.33
Shares Outstanding456,767,820
10 Day Avg. Volume2,129,135
30 Day Avg. Volume2,311,005
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)4.97
Price to Sales (P/S)7.50
P/FCF Ratio24.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$17.18Price Target Upside57.04% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)0.75
Revenue Forecast (FY)AU$763.29M
Capricorn Metals Ltd Business Overview & Revenue Model
Company Description
Capricorn 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 a...
How the Company Makes Money
Capricorn Metals makes money primarily by producing and selling gold. Revenue is generated from (1) mining gold-bearing ore and processing it into gold doré (or an equivalent saleable gold product) at its operations, and (2) selling that gold into...
Capricorn Metals Ltd Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| 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
Negative
10.94
Price Trends
13.02
Negative
13.59
Negative
12.33
Negative
Market Momentum
-0.70
Negative
43.58
Neutral
84.04
Negative
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 10.94 is below the 20-day moving average (MA) of 11.34, below the 50-day MA of 13.02, and below the 200-day MA of 12.33, indicating a bearish trend. The MACD of -0.70 indicates Negative momentum. The RSI at 43.58 is Neutral, neither overbought nor oversold. The STOCH value of 84.04 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$5.09B | 4.43 | 27.80% | 0.65% | 30.46% | ― | |
73 Outperform | AU$6.71B | 8.70 | 28.87% | ― | 109.79% | 158.18% | |
67 Neutral | AU$5.00B | 12.56 | 22.68% | ― | 43.49% | 60.31% | |
67 Neutral | AU$7.11B | 11.53 | 12.40% | 1.32% | 23.35% | 15.96% | |
66 Neutral | AU$6.98B | -160.00 | 9.94% | 1.92% | 36.34% | 110.55% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
AU:CMM
Capricorn Metals Ltd
10.94
2.51
29.71%
AU:PRU
Perseus Mining
5.28
2.10
65.83%
AU:RRL
Regis Resources Limited
6.72
2.77
70.26%
AU:RMS
Ramelius Resources Limited
3.68
1.26
52.25%
AU:GMD
Genesis Minerals Limited
5.87
2.30
64.43%
Capricorn Metals Ltd Corporate Events
Capricorn Metals Issues Shares to Settle Environmental Consulting Fees
Mar 25, 2026
Capricorn Metals Ltd has issued 34,170 fully paid ordinary shares as payment for environmental consulting fees, indicating the company’s use of equity to settle specific service obligations. The board has confirmed that the share issue was c...
Capricorn Metals Issues Shares to Pay Mt Gibson Environmental Consulting Fees
Mar 25, 2026
Capricorn Metals Ltd has applied for quotation of 34,170 new fully paid ordinary shares on the ASX, issued as payment for environmental consulting services at its Mt Gibson Gold Project. The share-based fee underscores the company’s continue...
Capricorn Metals Seeks ASX Quotation for Additional 15,000 Shares
Mar 25, 2026
Capricorn Metals Ltd has applied to the ASX for quotation of 15,000 additional ordinary fully paid shares, to be issued on March 25, 2026. The modest increase in quoted securities, arising from the exercise or conversion of existing instruments, s...
Capricorn Metals Issues New Shares on Conversion of Employee Performance Rights
Mar 4, 2026
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 re...
Capricorn Metals Adds 97,337 New Shares to ASX Quotation
Mar 4, 2026
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 reflec...
Capricorn Metals Shareholders Back Higher Board Fee Pool at EGM
Mar 3, 2026
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 str...
Capricorn Metals Posts Record Half-Year, Declares Maiden Dividend and Accelerates Growth
Feb 25, 2026
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 surg...
Capricorn Metals Issues Shares to Fund Extension Hill and Mungada Acquisition
Feb 20, 2026
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 s...
Capricorn Metals Issues New Shares on Conversion of Employee Performance Rights
Feb 6, 2026
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 ...
Capricorn Metals Seeks ASX Quotation for 28,000 New Shares
Feb 6, 2026
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 existi...
Tempest Extends Deadline for $4.5m Yalgoo Project Sale to Capricorn
Feb 1, 2026
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 t...
Capricorn Metals Calls March 2026 Extraordinary General Meeting, Shifts to Digital Meeting Materials
Jan 29, 2026
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 corpor...
Capricorn Metals Posts Record Cash Flow as Karlawinda Performs and Growth Projects Advance
Jan 28, 2026
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 re...
Capricorn Metals Seeks ASX Quotation for New Ordinary Shares
Jan 28, 2026
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 securiti...
Capricorn Metals Seeks ASX Quotation for 18,709 New Ordinary Shares
Jan 20, 2026
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 liste...
Capricorn Metals on Track for Upper-End FY26 Gold Guidance as Expansion Projects Advance
Jan 6, 2026
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 o...
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.