J.P. Morgan keeps AUD 19.00 target for Capricorn Metals stock

Published on 10/17/2026 at 19:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit AUD 419.27 million in the June quarter. Capricorn Metals stock closed at AUD 14.42 on October 16, 2026, up 4.42 percent on ASX.

Analyst target and company results

J.P. Morgan set an AUD 19.00 target for Capricorn Metals on October 8, 2026.
Revenue reached AUD 419.27 million in the June quarter.
Capricorn Metals stock stood at AUD 14.42 on October 16, 2026, up 4.42 percent on the ASX.
The stock traded at a P/E ratio of 22.89 on October 16, 2026.

Capricorn Metals, AU000000CMM9, Illustration mit AI erstellt.

J.P. Morgan analyst Jonathan Sharp maintained a Buy rating and set an AUD 19.00 price target for Capricorn Metals on October 8, 2026, according to Markets Insider. The target is 31.76 percent above the ASX price of AUD 14.42. On the ASX, Capricorn Metals closed at AUD 14.42 on October 16, 2026, up 4.42 percent from AUD 13.81.

June quarter delivers higher revenue

Capricorn Metals reported AUD 419.27 million in revenue and AUD 157.49 million in net profit for the quarter ended June 30, 2026. Revenue was up from AUD 312.40 million a year earlier, while net profit rose from AUD 107.17 million, according to Markets Insider.

The revenue comparison implies year-over-year growth of 34.20 percent, while net profit increased 46.96 percent. These figures give the analyst target a concrete operating backdrop, although the target remains an estimate rather than a company forecast.

Stock stays below its yearly high

The ASX price of AUD 14.42 was 21.03 percent below the 52-week high of AUD 18.26 and 53.24 percent above the 52-week low of AUD 9.41 on October 16, 2026. Trading volume was 1,196,533 shares against an average of 2,063,794 shares.

Capricorn Metals is valued at AUD 6.6 billion, with a P/E ratio of 22.89 and a dividend yield of 0.01 percent as of October 16, 2026. The valuation places the company between larger and smaller ASX-listed gold producers in the comparison below.

Comparison on October 16, 2026

Capricorn Metals: plus 4.42 percent, P/E 22.89, market capitalization AUD 6.6 billion.

Northern Star Resources (ASX, AUD): plus 3.25 percent, P/E 21.65, market capitalization AUD 35.8 billion.

Regis Resources (ASX, AUD): plus 3.65 percent, P/E 7.55, market capitalization AUD 5.4 billion.

Price and target remain the key markers

For investors, the main numerical tension is between the AUD 14.42 market price and J.P. Morgan's AUD 19.00 target. The June-quarter revenue increase of 34.20 percent provides the operating comparison behind that gap, while the P/E ratio of 22.89 keeps valuation central to the discussion.