CAPRICORN METALS LIMITED (CMM)
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CMM

CMM - CAPRICORN METALS LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.11
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Capricorn Metals is an Australian gold producer and developer. It operates the Karlawinda Gold Project in Western Australia and is developing the Mt Gibson Gold Project.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$14.74

06 Aug
2026

0.550

OPEN

$14.60

3.88%

HIGH

$14.98

3,551,120

LOW

$14.52

TARGET
$14.043 -4.7% downside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
CMM: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 37.1 72.2 xxx
DPS (cps) xxx 0.0 9.3 xxx
EPS Growth xxx 60.3% 94.6% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 21.6 xxx
Dividend Yield xxx N/A 0.6% xxx
Div Pay Ratio(%) xxx N/A 12.9% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 16/03 - ex-div 5.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx37.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx528.2 M
Book Value Per Share xxxxxxxxxxxxxxx181.2
Net Operating Cash Flow xxxxxxxxxxxxxxx259.3 M
Net Profit Margin xxxxxxxxxxxxxxx28.45 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx27.56 %
Return on Invested Capital xxxxxxxxxxxxxxx26.46 %
Return on Assets xxxxxxxxxxxxxxx17.26 %
Return on Equity xxxxxxxxxxxxxxx27.56 %
Return on Total Capital xxxxxxxxxxxxxxx45.15 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx215.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx10 M
Long Term Debt xxxxxxxxxxxxxxx22 M
Total Debt xxxxxxxxxxxxxxx32 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx356 M
Price To Book Value xxxxxxxxxxxxxxx5.27

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx97.8 M
Capex % of Sales xxxxxxxxxxxxxxx18.51 %
Cost of Goods Sold xxxxxxxxxxxxxxx252 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

29/07/2026

1

Buy

$1.47

-90.03%

UBS details the Mt Gibson study update and proposed journey to 500koz p.a. indicated much higher contributions from the underground operations than previously expected.

Capricorn Metals' base case now includes more gold in the mine plan.

Proposed peak production 260koz came in 20% above the analyst's forecast. Life of mine of 3.6Moz is in line but is over an additional year which results in expected life of mine production to average approximately -5% lower.

Capex is $60m or 14% above the broker's forecast and AISC are as expected. The update is, on balance, viewed as positive with more production sooner, UBS states.

Target price remains at $1.47 with a Buy rating.

FORECAST
UBS forecasts a full year FY26 dividend of 5.00 cents and EPS of 66.00 cents.
UBS forecasts a full year FY27 dividend of 8.00 cents and EPS of 112.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Canaccord Genuity

05/05/2026

1

Buy

$19.85

34.67%

Canaccord Genuity maintains a Buy rating for Capricorn Metals while lowering the target price to $19.85 from $20.10 following an in-line March quarter production result.

The broker reduced its valuation after pushing assumed first gold production at the Mt Gibson project out by three months to the December quarter of 2027, as final environmental permitting assessments remain in progress.

Operations at the flagship Karlawinda mine remain steady ahead of an upcoming expansion, with management actively monitoring broader Australian diesel supply chain vulnerabilities despite experiencing no direct fuel interruptions.

The company delivered 30.4koz of gold at an all-in sustaining cost of $1,617/oz, generating strong free cash flow and boosting the balance sheet to $508m in cash and bullion.

With operations tracking toward the upper end of full-year guidance, the broker views recent underground drill results at Lexington as offering further upside to the base case mine plan.
Access Extra Coverage Research History >

CMM STOCK CHART

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