BUZZ-Australia's Capricorn Metals rises after Jarden lifts PT on gold price outlook
Reuters
Jul 23, 2025
BUZZ-Australia's Capricorn Metals rises after Jarden lifts PT on gold price outlook
** 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;))
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