Capricorn Metals stock gained 2.78 percent on October 7

Published on 10/08/2026 at 01:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Capricorn Metals stock produced 31,218 ounces in Q1 FY27, while Karlawinda reached 6.5 million tonnes of annual capacity. Eight analysts rate it Strong Buy.

Capricorn Metals, AU000000CMM9, Illustration mit AI erstellt.

Capricorn Metals (ISIN AU000000CMM9) was trading at AUD 14.79 on the ASX on October 7, 2026 at 10:05 a.m. AEST, up 2.78 percent on the session. The immediate operational backdrop is Q1 FY27 gold production of 31,218 ounces and continued analyst support.

Production rises to 31,218 ounces

According to The Motley Fool Australia on October 5, 2026, Capricorn Metals produced 31,218 ounces in the September 2026 quarter, compared with 30,437 ounces in Q4 FY26. The company also completed the Karlawinda Expansion Project on schedule and within budget.

The expansion lifts processing capacity to 6.5 million tonnes per year and supports a planned annual production rate of 150,000 ounces. Capricorn Metals reaffirmed FY27 production guidance of 137,000 to 147,000 ounces at an all-in sustaining cost of AUD 1,900 to AUD 2,100 per ounce, according to The Motley Fool Australia.

Analysts keep a bullish view

Markets Insider reported on October 5, 2026, that Ord Minnett maintained a Buy rating and set a price target of AUD 22.50. The same report noted Macquarie's Hold rating and described quarterly revenue of AUD 419.27 million and net profit of AUD 157.49 million for the quarter ending June 30.

The broader consensus is Strong Buy, based on eight analysts, with seven Buy ratings, one Hold and zero Sell ratings. According to Investing.com, the average 12-month price target is AUD 19.363, with a high of AUD 22.50 and a low of AUD 15.50. The average target lies 30.93 percent above AUD 14.79.

Stock remains below yearly high

Capricorn Metals has a market capitalization of AUD 6.7 billion as of October 7, 2026. Its 52-week range is AUD 9.410 to AUD 18.260, placing the October 7 price AUD 3.470 below the yearly high and AUD 5.380 above the low.

The operational numbers put the stock's next stage in clear view: quarterly output has increased, while the expanded plant is designed to raise annual production capacity. The key execution measure is whether the 6.5 million tonnes per year processing rate converts into the planned 150,000-ounce annual production level.

Capricorn Metals stock stays above AUD 14

Capricorn Metals stock was trading at AUD 14.79 on the ASX on October 7, 2026 at 10:05 a.m. AEST, with a daily gain of 2.78 percent. The price remains below the 52-week high of AUD 18.260.