CAPRICORN METALS LIMITED (CMM)
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CMM - CAPRICORN METALS LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.5
Index: ASX200 | ASX300 | ALL-ORDS

Capricorn Metals is an Australian gold explorer and developer. Formerly listed as Malagasy Minerals in 2008, the company changed name in 2016 and is now focussed on its Karlawinda project in Western Australia.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.87

17 Dec
2024

0.150

OPEN

$6.74

2.23%

HIGH

$6.87

828,218

LOW

$6.70

TARGET
$7.38 7.4% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
CMM: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 23.1 26.0 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 100.0% 12.2% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 26.2 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A 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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx23.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx359.7 M
Book Value Per Share xxxxxxxxxxxxxxx81.9
Net Operating Cash Flow xxxxxxxxxxxxxxx158.2 M
Net Profit Margin xxxxxxxxxxxxxxx24.22 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx30.80 %
Return on Invested Capital xxxxxxxxxxxxxxx25.96 %
Return on Assets xxxxxxxxxxxxxxx13.80 %
Return on Equity xxxxxxxxxxxxxxx30.80 %
Return on Total Capital xxxxxxxxxxxxxxx37.39 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx124.5 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx60 M
Long Term Debt xxxxxxxxxxxxxxx24 M
Total Debt xxxxxxxxxxxxxxx84 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx121 M
Price To Book Value xxxxxxxxxxxxxxx5.84

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx65.6 M
Capex % of Sales xxxxxxxxxxxxxxx18.25 %
Cost of Goods Sold xxxxxxxxxxxxxxx218 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1 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

0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

20/11/2024

1

Buy

$7.54

9.75%

As part of an updated pre-feasibility study (PFS) for Capricorn Metals' 100%-owned Mt Gibson Gold Project, the ore reserve estimate has increased by 41% from the previous 1.83moz estimate in April, notes Bell Potter.

Costs (AISC) are expected to average $1,650-$1,750/oz over the Life-of-Mine (LOM), which has been extended to 17 years, observes the broker, describing the update as "very positive".

Bell Potter retains a Buy rating and raises the target price to $7.54 from $7.23.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 28.90 cents.
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 33.80 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

21/11/2024

1

Buy

$6.96

1.31%

Capricorn Metals announced a 41% increase in reserves at the Mt Gibson Gold Project to 2.59moz, extending the life of mine (LOM) to 17.5 years, notes Jarden.

Production is expected to average 150koz per annum over the first 15 years at costs (AISC) of $1,650-$1,750/oz, note the analysts, with a focus on optimising existing pits and evaluating underground development potential.

Capital requirements include -$83m in pre-production capex and -$75m for non-sustaining growth, highlights the broker, while recent metallurgical work confirmed recoveries of 91.8%.

Jarden raises the target price to $6.96 from $6.93, citing potential upside from exploration and expedited development timelines, and retains a Buy rating.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 34.10 cents.
Jarden forecasts a full year FY26 dividend of 6.00 cents and EPS of 29.20 cents.

Goldman Sachs

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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CMM STOCK CHART

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