** Shares of Capricorn Metals CMM.AX rise as much as 1.5% to A$9.75

** Jarden raises PT by ~5% to A$9.75 and maintains "overweight" rating, driven primarily by higher long-term gold price forecasts

** Upgrades FY26 EPS estimate by 15% with a 6% trim in FY27 forecast as brokerage lifts gold price forecasts for FY26 and FY27

** CMM offers compelling value as one of the few ASX gold producers with a clear organic pathway to ~300koz production, with sector-leading production growth of ~160% by CY27 - Jarden

** Average rating of eight analysts "hold"; their median PT is A$10.10 – according to data compiled by LSEG

** Stock up 54.5% YTD

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com;))