Few stocks on the Singapore Exchange have moved as dramatically as CNMC Goldmine (SGX: 5TP) in the past year. The gold miner’s share price surged more than 400% from S$0.25 to S$1.28 by October 2025, drawing intense interest from retail and institutional investors alike, and this article cuts through the noise with the latest analyst targets, fair value estimates, dividend data, and a clear breakdown of what could drive the stock next.
Previous close: S$1.360 ·
Day’s range: S$1.320 – S$1.360 ·
52-week range: S$0.390 – S$2.120 ·
Volume: 3,208,200 ·
Ticker: 5TP.SI
Quick snapshot
- Previous close S$1.360, 52-week high S$2.120 (Yahoo Finance (market data provider))
- POEMS analyst maintains BUY with target S$2.34 (POEMS Stock Research (SGX broker research))
- Stock surged over 400% from S$0.25 to S$1.28 by October 2025 (The Business Times (Singapore financial daily))
- Dividend yield amount and consistency — Digrin data available but no confirmed payout ratio (Digrin (dividend data aggregator))
- Future gold price impact on CNMC’s profitability — POEMS assumes US$5,000/oz (POEMS Stock Research) (Digrin (dividend data aggregator))
- 2023: 52-week low at S$0.390 (CNBC (global financial news))
- March 3, 2026: 52-week high at S$2.12 (CNBC) (CNBC (global financial news))
- 2026: Analyst target price S$2.34 per POEMS (POEMS Stock Research) (CNBC (global financial news))
- CGS International analyst expects near-term exhaustion, stock may settle S$1.03–S$1.11 (The Business Times)
- Second Sokor underground mining facility expected end 2026, boosting production 10% (POEMS Stock Research)
6 key data points, one pattern: the stock’s valuation is tightly tied to gold’s ascent and CNMC’s own production growth.
| Metric | Value |
|---|---|
| Ticker | 5TP.SI (SGX) |
| Previous close | S$1.360 |
| 52-week high | S$2.120 (March 3, 2026) (CNBC) |
| 52-week low | S$0.390 (CNBC) |
| Analyst target | S$2.34 (POEMS Stock Research) |
| IPO price | Available on sginvestors.io (Singapore stock data) |
| Market cap | SG$701.15M (Stockopedia (financial data platform)) |
| Enterprise value | SG$665.21M (Stockopedia) |
| FY26e P/E | 13.6x (POEMS Stock Research) |
| Forecast EPS 2025 | S$0.103 (SAC Capital via The Business Times) |
| Forecast EPS 2026 | S$0.12 (SAC Capital via The Business Times) |
What is the outlook for CNMC shares?
Analyst ratings and price targets
- POEMS Stock Research (SGX broker research) maintains a BUY rating with a target price of S$2.34 as of March 3, 2026. The firm raised its gold price assumption by 7% to US$5,000/oz after current spot surged 25% above its earlier forecast.
- The Business Times (Singapore financial daily) reports that CGS International Securities analyst Wei Ren Chua sees the stock reaching S$1.78 by Q2 2026, but warns of near-term exhaustion in the range of S$1.03 to S$1.11 due to parabolic extension.
- SAC Capital assigned a S$1.13 target price with a forecast dividend yield of 3.8% (The Business Times).
Three analysts agree on a gold-driven bull case, but their targets range from S$1.13 to S$2.34 — a spread wide enough that investors must decide which catalyst (production growth or gold price) they bet on.
POEMS target: S$2.34 · CGS target: S$1.78 · SAC target: S$1.13
The implication: the spread between the most bullish and most cautious forecasts is more than 100% — typical for a stock that has already priced in extreme momentum. The pattern is a volatility trap for late entrants.
What is the fair value of CNMC Goldmine?
Fair value estimate methods
ValueInvesting.io provides fair value data for 5TP.SI, though the site requires a subscription for full detail. Publicly available metrics include a trailing P/E of roughly 20x based on 2024 earnings. Meanwhile, POEMS Stock Research uses a forward P/E of 13.6x, implying the stock is cheaper than its historical average if the price target holds.
Comparison to current market price
Current price S$1.35 sits well below the POEMS target of S$2.34 but above the SAC target of S$1.13. ValueInvesting.io (fair value research) suggests a fair value range that, while not fully disclosed, aligns with PE ratios in the 12-15x range.
The catch: fair value is only as reliable as the gold price estimate. If bullion corrects, CNMC’s multiple could compress sharply.
What are CNMC Goldmine’s dividends?
Dividend history from Digrin
Digrin (dividend data aggregator) tracks CNMC Goldmine Holdings Limited (5TP.SI) payouts. SAC Capital forecasts a 3.8% dividend yield based on S$0.04 per share. However, the company’s dividend history is inconsistent, with years of no payouts during the gold bear market.
Dividend yield and payout ratio
Given the forecast EPS of S$0.12 in 2026 (SAC Capital via The Business Times), a 3.8% yield implies a payout of around S$0.045 per share, roughly 38% of earnings. That ratio is sustainable, but only if gold prices hold.
The trade-off: dividend seekers get a modest yield that depends entirely on volatile gold earnings — not a reliable income stream for conservative portfolios.
CNMC’s dividend appears attractive only if gold stays at current levels. A 20% drop in gold would erase the payout entirely — leaving income investors holding a cyclical miner at the wrong point in the cycle.
Is CNMC Goldmine a buy or sell?
The Nasdaq (US exchange data) consensus rating from CNM Stock Forecast (2026) shows a mixed picture. Current price S$1.35 vs target S$2.34 implies a 73% upside if POEMS is correct. Yet CGS International’s Wei Ren Chua expects short-term weakness to S$1.03-1.11 (The Business Times).
For a trader, the risk/reward is asymmetric: a pullback to S$1.03 would offer a 24% downside from current levels, but a rally to S$2.34 would reward 73% upside. For a long-term investor, the key is whether CNMC can sustain production growth from the new Sokor underground mine starting end 2026 (POEMS Stock Research).
Why this matters: the buy/sell decision hinges on time horizon. Short-term technicals suggest caution; medium-term fundamentals back the bulls.
What is the target price for CNMC Goldmine in 2026?
Price target from POEMS
POEMS Stock Research (SGX broker research) sets the highest 2026 target at S$2.34, based on a gold price of US$5,000/oz and a 10% production boost from the second Sokor underground mine.
CGS International targets S$1.78 by Q2 2026 (The Business Times). SAC Capital’s S$1.13 target implies limited upside from current levels.
The pattern: the bullish case needs gold above US$5,000 and smooth mining operations; the bearish case assumes gold stalls and the stock’s parabolic run reverts.
The implication: 2026 price targets are unusually divergent even for a mining stock — a sign that analyst models are driven by gold price assumptions, not company-specific fundamentals.
What is CNMC Goldmine’s share price history?
Historical price data from sginvestors.io
sginvestors.io (Singapore stock data) shows CNMC’s IPO price was S$0.25. The stock spent years below S$0.50 before the 2025-2026 gold rally. The 52-week range of S$0.390 – S$2.120 per Yahoo Finance (market data provider) captures the entire surge.
The pattern: CNMC was a quiet penny stock for years. The 400%+ move in 12 months is a textbook gold-rush story — but history shows such moves often run out of steam before fundamentals catch up.
Timeline
- 2023: 52-week low at S$0.390 (CNBC)
- October 2025: Share price reaches S$1.28, a 400%+ YTD gain (The Business Times)
- March 3, 2026: 52-week high at S$2.12 (CNBC)
- End 2026: Second Sokor underground mine expected to contribute 10% production growth (POEMS Stock Research)
What’s clear, what’s not
Confirmed facts
- Current price data and 52-week range from Yahoo Finance and CNBC
- POEMS BUY rating with target S$2.34 as of March 3, 2026 (POEMS Stock Research)
- Gold price assumption raised to US$5,000/oz (POEMS Stock Research)
- Production volume growth assumption of 10% for FY26 (POEMS Stock Research)
What’s unclear
- Dividend yield amount and consistency — Digrin data incomplete (Digrin)
- Future gold price impact on CNMC’s profitability — depends on spot volatility
- Which analyst target will prove accurate — range from S$1.13 to S$2.34
What analysts are saying
POEMS analyst maintains BUY with target price of S$2.34, citing gold price surge to US$5,000/oz and 10% production growth from second Sokor underground mine from end 2026.
CGS International Securities analyst Wei Ren Chua forecasts the stock may reach S$1.78 by Q2 2026 but expects near-term exhaustion in the range of S$1.03 to S$1.11 due to parabolic extension.
Summary
CNMC Goldmine sits at a crossroads: a 400% rally has already priced in much of the good news, yet analyst targets still see room to run if gold cooperates. For a Singapore retail investor considering an entry, the choice is clear: wait for a pullback to the S$1.00–1.10 zone where CGS sees a floor, or risk paying up for the POEMS bull case that depends on gold staying above US$5,000 and production hitting its stride by end 2026.
simplywall.st, sginvestors.io, investing.com, stockinvest.us
Frequently asked questions
What is CNMC Goldmine’s stock symbol?
Its stock symbol is 5TP.SI on the Singapore Exchange (SGX).
On which exchange does CNMC Goldmine trade?
CNMC Goldmine trades on the Singapore Exchange (SGX) under the ticker 5TP.
What is CNMC Goldmine’s 52-week high?
The 52-week high is S$2.12, reached on March 3, 2026 (CNBC).
Is CNMC Goldmine profitable?
Yes, it is profitable. SAC Capital forecasts earnings per share of S$0.103 for 2025 and S$0.12 for 2026 (SAC Capital via The Business Times).
Does CNMC Goldmine pay dividends?
Yes, but the dividend history is inconsistent. SAC Capital forecasts a 3.8% yield for 2026 (The Business Times).
What is CNMC Goldmine’s main business?
CNMC Goldmine Holdings is a gold mining company with operations in Malaysia, primarily the Sokor gold mine in Kelantan.
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